Suppose a Certain Business Pays 10% Tax on Its First

question 15

Multiple Choice

Suppose a certain business pays 10% tax on its first $10,000 in come,12% tax on income above $10,000 but below $40,000,and 22% tax on income above $40,000.Suppose the business earns $50,000 in income this year.Its average tax rate is closest to ________.

• A)22%
• B)14%
• C)10%
• D)17%

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Definitions:

Diabetic Retinopathy

An issue stemming from diabetes, this condition damages the blood vessels in the retina, the area at the back of the eye sensitive to light, affecting eyesight.

Pathology

The study and diagnosis of disease through examination of organs, tissues, bodily fluids, and whole bodies (autopsies).

Endocrine

A gland that secretes directly into the bloodstream.

Diabetic Retinopathy

A diabetes complication that affects the eyes, characterized by damage to the blood vessels of the light-sensitive tissue at the back of the eye (retina).