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If a government policy increases the tax rate by 15% and the initial tax revenue

Practice Questions

Q1
If a government policy increases the tax rate by 15% and the initial tax revenue was $200 million, what will be the new tax revenue?
  1. $230 million
  2. $250 million
  3. $200 million
  4. $220 million

Questions & Step-by-Step Solutions

If a government policy increases the tax rate by 15% and the initial tax revenue was $200 million, what will be the new tax revenue?
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