A Man Has Invested in Three Properties

question 178

Multiple Choice

A man has invested in three properties. One earns 12%, one 10%, and one 8%. His annual income from the properties is and the amount invested at 8% is twice that invested at 12%. What is the annual income from each property? ​

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Definitions:

Tax Rate Structure

The system or design of tax rates, which can be progressive, regressive, or proportional, determining how taxes are applied based on income or other factors.

Marginal Tax Rate

The tax rate applied to the next dollar of income, indicating how much tax will be paid on an additional dollar of earnings.

Proportional

Pertaining to a relationship or situation where two quantities vary directly with each other.

Taxable Income

The amount of income that is subject to taxation, after all allowable deductions, credits, and exemptions.