Jim made $ 4 0 , 0 0 0 in taxable income last year Suppose the income tax rate is 1 5 for the first $ 8 0 0 0 plus 1 8 for the amount over $ 8 0 0 0 How much must Jim pay in income tax for last year

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Jim made $ 4 0 , 0 0 0 in taxable income last year  Suppose the income tax rate is 1 5   for the first $ 8 0 0 0 plus 1 8   for the amount over $ 8 0 0 0   How much must Jim pay in income tax for last year

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Jim made $ 4 0 , 0 0 0 in taxable income last year. Suppose the income tax rate is 1 5 % for the

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