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Refer to the Information Provided in Table 19 -Related to the Economics in Practice on Page 393: Refer

Question 71

Multiple Choice

Refer to the information provided in Table 19.8 below to answer the question(s) that follow.
Table 19.8
 Total Income  Total Taxes $20,000$2,00040,0004,80060,0009,00080,00016,000\begin{array} { | c | c | } \hline \text { Total Income } & \text { Total Taxes } \\\hline \$ 20,000 & \$ 2,000 \\\hline 40,000 & 4,800 \\\hline 60,000 & 9,000 \\\hline 80,000 & 16,000 \\\hline\end{array}
-Related to the Economics in Practice on page 393: Refer to Table 19.8. At an income level of $60,000, the average tax rate is


A) 1.5%.
B) 6.67%.
C) 15%.
D) 22.5%.

Correct Answer:

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