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Tax Efficiency
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Tax Efficiency
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6. Introduction to Taxes and Subsidies / Tax Efficiency / Problem 4
Problem 4
If a person earns \$100,000 and the tax rate for income above \$80,000 is 35%, what is the marginal tax rate for an additional \$5,000 earned?
A
50%
B
35%
C
20%
D
30%
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