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Janet Earned $78,000 Last Year

Question 278

Multiple Choice

Janet earned $78,000 last year. Tax rate earned on the first $20,000 is 15%; 25% on the next $25,000 and 30% for the remainder of income. What was the amount of tax paid?


A) 18,200
B) 19,150
C) 20,250
D) 22,000
E) 22,500

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