Use the table of tax rates below to answer questions 3 through 7. Income range Tax rate $15,000 and below 5% $15,001-$30,000 8% $30,001-$60,000 12% $60,001-$120,000 20% What tax is paid by someone who earns $60,000? ← PREVIOUS

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Chapter11: Fiscal Policy And The Federal Budget
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Use the table of tax rates below to answer questions 3 through 7.
Income range Tax rate
$15,000 and below 5%
$15,001-$30,000
8%
$30,001-$60,000 12%
$60,001-$120,000 20%
What tax is paid by someone who earns $60,000?
← PREVIOUS
Transcribed Image Text:Use the table of tax rates below to answer questions 3 through 7. Income range Tax rate $15,000 and below 5% $15,001-$30,000 8% $30,001-$60,000 12% $60,001-$120,000 20% What tax is paid by someone who earns $60,000? ← PREVIOUS
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