Assume that the marginal tax rate is 10 percent for the first $10,000 of income, 20 percent for income between $10,000 and $40,000, and 30 percent for any income over $40,000. If Aaron has taxable income equal to $60,000 for the year, what is his tax bill?

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The Answer of Assume that the marginal tax rate is 10 percent for the first $10,000 of income, 20 percent for income between $10,000 and $40,000, and 30 percent for any income over $40,000. If Aaron has taxable income equal to $60,000 for the year, what is his tax bill?

Assume That the Marginal Tax Rate Is 10 Percent for the First