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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 13
Circle the letter that corresponds to the best answer. If Kathie Barnes earns $50,000 and Katie Harvey earns $500,000 a year, they both will pay Social Security tax ____.
A) at the same average tax rate
B) but Kathie Barnes will pay at a higher average tax rate
C) but Katie Harvey will pay at a higher average tax rate
D) but it is impossible to tell what their average tax rates are
A) at the same average tax rate
B) but Kathie Barnes will pay at a higher average tax rate
C) but Katie Harvey will pay at a higher average tax rate
D) but it is impossible to tell what their average tax rates are
Explanation
Verified
Verified
Since this rate is fixed, everybody pays...
Macroeconomics 11th Edition by Stephen Slavin
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