Tax Bracket : 0-$20,000 = 10% $20,001-$60,000 = 15% $60,001-$100,000 = 35% _______________________________ Jason makes $65,000, what is the approximate tax he would be paying? A. $22,750 B. $10,000 C. $8,750 D. Just take it all

Tax Bracket : 0-$20,000 = 10% $20,001-$60,000 = 15% $60,001-$100,000 = 35% _______________________________ Jason makes $65,000, what is the approximate tax he would be paying? A. $22,750 B. $10,000 C. $8,750 D. Just take it all

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Tax Bracket :

0-$20,000 = 10%

$20,001-$60,000 = 15%

$60,001-$100,000 = 35%

_______________________________

Jason makes $65,000, what is the approximate tax he would be paying?

A. $22,750

B. $10,000

C. $8,750

D. Just take it all

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