Suppose the Government Used the Following Formula to Compute a Family's

question 53

Multiple Choice

Suppose the government used the following formula to compute a family's tax liability: Taxes owed = 28% of income - $8,000. How much would a family that earned $150,000 owe?

• A)$34,000
• B)$42,000
• C)$50,000
• D)$68,000

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