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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 39
Circle the letter that corresponds to the best answer. Which statement is the most accurate?
A) Although almost half of all Americans pay no federal income tax, most of them pay a substantial percentage of their income in other federal taxes.
B) Most millionaires pay no federal income tax.
C) Most millionaires pay about 35 percent of their income in federal income tax.
D) The typical middle-class American pays more money in federal taxes than the average millionaire.
A) Although almost half of all Americans pay no federal income tax, most of them pay a substantial percentage of their income in other federal taxes.
B) Most millionaires pay no federal income tax.
C) Most millionaires pay about 35 percent of their income in federal income tax.
D) The typical middle-class American pays more money in federal taxes than the average millionaire.
Explanation
Verified
Verified
Therefore,...
Macroeconomics 11th Edition by Stephen Slavin
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