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elbthwtkns01 elbthwtkns01
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5 years ago

Question 1.

If you were to face a marginal tax rate of 20 percent, how much would your tax bill increase when your income increased from $50,000 to $52,000?

• $10,400

• $400

• $450

• $1,000

Question 2.

Using the fiscal year 2017 estimates, the largest component of state and local revenue is the

• individual income tax.

• sales, excise, and gross receipts taxes.

• revenue from the federal government.

• corporate income tax.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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cooldawg69cooldawg69
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5 years ago
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elbthwtkns01 Author
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#2
5 years ago
Smart ... Thanks!
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