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Mathematics, 13.09.2021 22:10, vhs35
The Glorious Republic of Gisslovia assesses a 10% Social tax on the first $144,000 earned. The income tax is a flat 25% on all income in excess of $48,000. For each of the following incomes, determine the total amount of social tax, income tax , total tax (social tax + income tax) and the average tax rate (total tax/income):a) $48,000b) $96,000c) $144,00d) $192,000e) $240,000
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The Glorious Republic of Gisslovia assesses a 10% Social tax on the first $144,000 earned. The incom...
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