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Determining the level of income

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Assume that in a given country, tax revenues, T, depend on income, I, according to the formula T = -4000+ 0.2I Required: You are to fill the given table given the level of income. Income Tax Liability Average Tax Rate Marginal Tax Rate $2,000 3,000 5,000 10,000 30,000

Reference no: EM132538060

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