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Consider the following tax brackets in the US.

Lower tax bracketUpper tax bracketTax rate (%)
02499912
250004999915
500007499918
75000or higher21

Given this data, what type of taxes do they have in the US?

 

Consider the following tax brackets in Japan.

Lower tax bracketUpper tax bracketTax rate (%)
02499940
250004999936
500007499932
75000or higher28

Suppose that a person earns $9501.

Given this data, what is this pearson's marginal tax rate?


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