Assume a payroll tax of 15% on every dollar earned and a 10% income tax on every dollar earned above 30,000. What is the tax burden for those who earn 100,000? What is their average tax rate? What is their marginal tax rate?

Assume a payroll tax of 15% on every dollar earned and a 10% income tax on every dollar earned above 30,000. What is the tax burden for those who earn 100,000? What is their average tax rate? What is their marginal tax rate?

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter1: Federal Income Taxation—an Overview

Section: Chapter Questions

Problem 44P

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Please answer fast please arjent help please ASAP pls answer fast please arjent help

Assume a payroll tax of 15% on every dollar
earned and a 10% income tax on every
dollar earned above 30,000. What is the tax
burden for those who earn 100,000? What
is their average tax rate? What is their
marginal tax rate?

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