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Business, 11.07.2019 20:20 Tyrant4life

Assume the marginal tax rate is 10% for the first $20,000 of taxable income, 25% for taxable income from $20,001 to $50,000, and 35% for taxable income above $50,000. if mr. smith had taxable income of $80,000, how much tax does he owe?

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