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Question: mr and mrs hoovers work enough hours to earn 65000...

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Mr. and Mrs. Hoovers work enough hours to earn $65,000 annual income. This year they pay 30% in state and federal income tax.

If tax rates increase so that their annual tax rate increases to 35%, how much pre-tax income would they need to make so that they have the same after-tax income that they had before?

$67,500

$73,500

$70,000

$83,000

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