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Business, 21.04.2021 22:20 citiboy45

Below is the income tax system for the country of Genovia. For income from $0 to $100, no income tax.

For all income above $100 but less than $400, the tax rate is 20%.

For all income above $400, the tax rate is 40%.

Jane Doe’s income is $500. What is her AVERAGE tax rate?

Group of answer choices

40%

33%

50%

20%

25%

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Answers: 3

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