FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Mustafa earns 72,000 TRY in a year. Assume that he has 8,000 TRY tax exemption. The following figure shows the marginal tax rates for different income intervals.
marginal tax rate 15 25 35 40
taxable ıncome 15.000 35.000 65.000 65.000
a) Calculate total tax payments of Mustafa.
b) Calculate average tax rate for Mustafa
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