The nation of taxylvania uses a bracketed income tax system, Ask an Expert

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The Nation of Taxylvania uses a bracketed income tax system. The tax brackets are listed below. Use this information to answer the next three questions. Round your answers to the nearest whole dollar.

income tax rate

0-14,999 10%

15,000-39,999 15%

40,000 and over 20%

What is your effective tax rate? Round your answer to two decimal places.

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