Calculate the marginal tax rate and average tax rate for a, Ask an Expert

Economics

find out the marginal tax rate and average tax rate for a family with an income of $100,000 when the tax rate for the first 10,000 is zero, for the next 20,000 is 10%, for the next 20,000 is 20%, for the next 30,000 is 30%, and for any income over 80,000 is 40%.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M955269

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