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Consider that Mr

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Consider that Mr. X is a citizen of dreamland. He works at a corporate company and has earned gross annual salary of 50,000 USD. His lawyer has estimated that his total exemptions and deductions by amount 10,000 USD. The income tax schedule follows the structure below:

A. Calculate the taxable income.

B. Consider that mr. X has paid tax 20,000 USD at source. Calculate the total tax incidence.

C. Calculate marginal and average tax rate. Does this ensure equity.