A flat tax plan allows individuals to deduct a standard allowance of $10,000 from their wages.Assume that the flat tax rate is 12%.Calculate the amount of income tax and the average tax rate if you were earning:
1.$30,000 a year,
2.$60,000 a year.

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The Answer of A flat tax plan allows individuals to deduct a standard allowance of $10,000 from their wages.Assume that the flat tax rate is 12%.Calculate the amount of income tax and the average tax rate if you were earning:
1.$30,000 a year,
2.$60,000 a year.

A Flat Tax Plan Allows Individuals to Deduct a Standard