A country has two income tax brackets: Candice Butts Macro economics

Question 95 / 142: 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

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Macroeconomics MCQ

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Candice Butts

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