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Business, 22.04.2020 21:38 sslider

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: 1

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Below is the income tax system for the country of Genovia.

For income from $0 to $100, n...

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