Jerry’s effective rate is 20%. What is his taxable income in 2022, if he paid $25,000 in taxes in 2022. Group of answer choices $125,000 $5000 $625,000 $100,000

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Jerry’s effective rate is 20%. What is his taxable income in 2022, if he paid $25,000 in taxes in 2022.
Group of answer choices
$125,000
$5000
$625,000
$100,000
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