Under a progressive tax system, Elaine earned a salary for the year that placed her in a tier that paid a marginal tax rate of 40 percent for all income earned over $150,000 but less than $415,000. Which of the following statements is true? a. Elaine earned greater than $415,000b. Elaine earned less than $150,000c. Elaine's average tax rate was greater than 40% percentd. Elaine earned a $272,000 salarye. Elaine's average tax rate was less than 40%
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Home » Business » Under a progressive tax system, Elaine earned a salary for the year that placed her in a tier that paid a marginal tax rate of 40 percent for all income earned over $150,000 but less than $415,000. Which of the following statements is true? a.