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What is the change in jorge average tax rate on income

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Reference no: EM132617115

Problem 1: This year, Jorge (MFJ) inherits $3,000,000 and invests in City of Fairfax bonds at 3% interest. Last year, his Salary last year was $500,000. His salary had not changed from the prior tax year.

What is the change in Jorge's average tax rate on his income?

Reference no: EM132617115

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