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Business, 03.09.2019 20:30 johnsonkhalee

Suppose tax rate on first $10,000 of income is 0 percent; 10 percent on next $20,000; 20 percent on next $20,000; 30 percent on next $20,000; and 40 percent on income over $70,000. family a has income of $120,000 and family b an income of $55,000. what is tax bill of each?

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Suppose tax rate on first $10,000 of income is 0 percent; 10 percent on next $20,000; 20 percent o...
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