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Question
Nancy has taxable income of $75,000 and a tax rate of 20% in 2019. Assume tax rates are going to increase to 28% in 2020. If the income effect describes her behavior as a taxpayer, what will Nancy's 2020 taxable income need to be? Show the necessary details of your work.
The response paper should be in APA format, double spaced, hand-written, numbered pages, with a cover page and references.
What are the main purpose for each of these model, like what are we trying to find out
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