Song earns 152000 taxable income as an interior designer, Ask an Expert

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Song earns $152,000 taxable income as an interior designer and is taxed at an average rate of 25 percent (i.e. 38000 of tax) If congress increases the income tax rate such that Song's average tax rate increases from 25 percent to 30 percent, how much more income tax will she pay assuming that the income effect is descriptive?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9977530

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