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Exercise 11

Avg difficulty 2.5

A single person with taxable income of $185,000 will have the first $11,600 of that income taxed at a different rate than the income between $11,600 and $47,150. Determine the taxes owed on just the second bracket.

Lee et al., Math in Society, §2.5 Income Taxes, Exercise 11

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Adapted from Math in Society © 2018–2024 Portland Community College Math Instructors. Licensed under CC BY-SA 4.0. Source: Math in Society. Imported at revision 68ee43c.