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Assume that in year 1 your average tax rate is 20 percent on a taxable income of $20,000. If the marginal tax rate on the next $10,000 of taxable income is 30 percent, what will be the average tax rate if your taxable income rises to $30,000? Group of answer choices 7 percent. About 23 percent. About 16 percent. 30 percent.
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Assume that in year 1 your average tax rate is 20 percent on a taxable income of $20,000. If the mar...
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