If personal income up to and including $30,000 is not taxed, income of $30,001 to $60,000 is taxed at 10%, and income over $60,000 is taxed at 25%, then a family earning an income of $100,000 will pay a MARGINAL tax rate of:
A) 5%.
B) 10%.
C) 13%.
D) 25%.
Correct Answer:
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