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Calculate the marginal tax rate (mtr) and average tax rate

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Reference no: EM13335534

Suppose the tax rates for single wage earners are:

00000 - 9999 = 0%

10000 - 19999 = 10%

20000 - 29999 = 22%

30000 - 39999 = 35%

40000 and above = 60%

1.)Calculate the marginal tax rate (MTR) and average tax rate (ATR) for a person earning $15,000 and one earning $35,000.

Reference no: EM13335534

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