Refer to the information provided in Table 19.7 below to answer the question(s) that follow.
Table 19.7 $$\begin{array} { c c c c }
\text { Total Income}&\text { Total Taxes } & \begin{array} { c }
\text { Average Tax } \
\text { Rate }
\end{array} & \begin{array} { c }
\text { Marginal Tax } \
\text { Rate }
\end{array} \
\hline \$ 20,000 & \$ 1,000 & & \
\$ 40,000 & \$ 3,000 & & \
\$ 60,000 & \$ 6,000 & & \
\$ 80,000 & \$ 16,000 & & \
\hline
\end{array}$$
-Refer to Table 19.7. The tax rate structure in this example is

Question

Refer to the information provided in Table 19.7 below to answer the question(s) that follow.
Table 19.7 $$\begin{array} { c c c c } 
\text { Total Income}&\text {  Total Taxes } & \begin{array} { c } 
\text { Average Tax } \
\text { Rate }
\end{array} & \begin{array} { c } 
\text { Marginal Tax } \
\text { Rate }
\end{array} \
\hline \$ 20,000 & \$ 1,000 & & \
\$ 40,000 & \$ 3,000 & & \
\$ 60,000 & \$ 6,000 & & \
\$ 80,000 & \$ 16,000 & & \
\hline
\end{array}$$
-Refer to Table 19.7. The tax rate structure in this example is

Quizplus · Accepted Answer

The tax rate increases as the total income increases, which is characteristic of a progressive tax system.

Refer to the Information Provided in Table 19 -Refer to Table 19