Mathematics, 01.12.2020 17:40 123jefe
In Taxland, the first $20,000 of income is exempt from tax. There is a 12% tax rate on income between $20,000 and $50,000, and a 16% tax rate on all income over $50,000.
Mr. Taxi earns $90,000. His average tax rate is
and his marginal tax rate is
.
Write your answer as a percent with one decimal point: for example 2.6%
Answers: 1
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