If personal income up to and including $25,000 is not taxed, income of $25,001 to $50,000 is taxed at 10%, and income over $50,000 is taxed at 20%, then a family earning an income of $75,000 will pay a MARGINAL tax rate of:
A) 5%.
B) 7.5%.
C) 10%.
D) 20%.
Correct Answer:
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