Suppose Ms

question 71

Multiple Choice

Suppose Ms.Sanchez has a total income of $200,000,has a taxable income of $120,000,and pays $40,000 in taxes.Considering the information,what is Ms.Sanchez's nominal tax rate?

• A)20.0 percent.
• B)18.5 percent.
• C)33.3 percent.
• D)60.0 percent.

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Definitions:

Equal Rights Amendment

A proposed amendment to the United States Constitution aimed at guaranteeing equal legal rights for all American citizens regardless of sex.

1923

The year notable for several significant global events, including the establishment of the Turkish Republic following the dissolution of the Ottoman Empire and the Great Kanto earthquake in Japan.

United States Constitution

The supreme law of the United States, establishing the framework of the national government and the rights of citizens.

Environmental Acts

Laws and regulations enacted by governments to protect the environment, control pollution, and conserve natural resources.