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If the personal income tax rate is lowered from

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Joined: 25 Jan 2013
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If the personal income tax rate is lowered from [#permalink]

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New post 20 Feb 2013, 22:07
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A
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C
D
E

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  25% (medium)

Question Stats:

84% (02:20) correct 16% (01:44) wrong based on 25 sessions

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If the personal income tax rate is lowered from 40% to 33%, what is the differential savings for a tax payer having an annual income before tax to the tune of $45000?

A. $3500
B. $5000
C. $3150
D. $7000
E. $10000
[Reveal] Spoiler: OA
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Re: If the personal income tax rate is lowered from [#permalink]

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New post 21 Feb 2013, 00:45
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antoxavier wrote:
If the personal income tax rate is lowered from 40% to 33%, what is the differential savings for a tax payer having an annual income before tax to the tune of $45000?

A. $3500
B. $5000
C. $3150
D. $7000
E. $10000


Saving = (40-33)% of 45000 = 3150.
Ans C it is.
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Re: If the personal income tax rate is lowered from   [#permalink] 21 Feb 2013, 00:45
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If the personal income tax rate is lowered from

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