Decide whether the statement makes sense. Explain your reasoning.Bill is in the 15% tax bracket so the tax he owes will be 15% of his taxable income.
What will be an ideal response?
No, the statement does not make sense. Bill will not pay 15% on the whole of his taxable income.
He will pay 10% on the first part of his income (the exact threshold varies from year to year) and 15% on the remaining amount.
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