Jurisdiction M imposes an individual income tax based on the following schedule.
Which of the following statements is false?
A) If Ms. Lui's taxable income is $33,400, her average tax rate is 5%.
B) If Mr. Bell's taxable income is $519,900, his marginal tax rate is 12%.
C) If Ms. Vern's taxable income is $188,000, her average tax rate is 7.2%.
D) None of the above is false.
Correct Answer:
Verified
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