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Suppose a Flat Tax Plan Allows Individuals to Deduct a Standard

question 33

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Suppose a flat tax plan allows individuals to deduct a standard allowance of $25,000 from their wages and the flat tax rate is 12 percent. An individual earning $20,000 a year would pay:


Definitions:

NRLB

Likely refers to the National Labor Relations Board, an independent US government agency responsible for enforcing US labor law in relation to collective bargaining and unfair labor practices.

Unfair Labor Practices

Improper employment practices by either an employer or a union.

Cleveland

A city located in the state of Ohio, United States, known for its rich cultural heritage and as a major economic center.

Fairbanks

Fairbanks is a city located in the interior region of the state of Alaska, United States, known for its cold climate, beautiful northern lights, and as a hub for the oil and gas industries.

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