the income tax system in a country requires each


The income tax system in a country requires each citizen to pay 10% of income on earnings up to $40,000, and then pay 20% on any earnings over $40,000. If an individual has an income of $92350, then what is his average tax rate, in percentage terms?

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Econometrics: the income tax system in a country requires each
Reference No:- TGS0500357

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