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Yitzchok Weinberg
on Oct 13, 2024

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Ms.Rockefeller has an income of $200 million.If her income is in the form of wages and salary,then most of her income is taxed at __________ percent.

A) 15 percent
B) 27 percent
C) 30 percent
D) 35 percent
E) 38.6 percent

Wages and Salary

Compensation received by employees for their labor, typically paid as hourly wages or annual salaries.

Taxed

Taxed refers to the imposition of financial charges or other levies upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Percent

A way to express a number as a part of 100, often used to describe proportions and changes in financial and statistical data.

  • Acquire insight into the generators of state revenue and how fiscal strategies influence distinct segments of income earners.
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Malea CollinsOct 16, 2024
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