Card 96 / 145: A country has two income tax brackets: people pay 10 percent on their first $50,000 and 20 percent on everything they earn over $50,000. If someone earns $75,000, what is that person's marginal tax rate?
A)
10 percent
B)
15 percent
C)
20 percent
D)
13.3 percent
Answer:
C) 20 percent
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