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Business, 18.11.2020 17:10 cobbiegirl8996
Suppose that the income tax is computed as a flat rate of 5% but no tax is levied above $50,000 in taxable income. Taxable income is computed as the individual's income minus a $10,000 deduction. What is the Average Tax Rate for a retail salesperson with an annual income of $45,000?
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Suppose that the income tax is computed as a flat rate of 5% but no tax is levied above $50,000 in t...
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