Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 27 Sep 2017 My Price 3.00

tax revenues

Congress would like to increase tax revenues by 18 percent. Assume that the average taxpayer in the United States earns $53,000 and pays an average tax rate of 25 percent.
1.)If the income effect is in effect for all taxpayers, what average tax rate will result in a 18 percent increase in tax revenues? (Round your answer to 2 decimal places.)

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Maurice Tutor
(5)
Status NEW Posted 27 Sep 2017 08:09 PM My Price 3.00

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