Table: Marginal Tax Rates $$\begin{array} { l c }
\hline \text { Income } & \text { Tax rate } \
\hline \$ 0 - \$ 20,000 & 0 \% \
\$ 20,000.01 - \$ 40,000 & 10 \% \
\$ 40,000.01 - \$ 60,000 & 20 \% \
\hline
\end{array}$$
For a family earning $45,000, use the tax rates from the accompanying table and determine its marginal tax rate, average tax rate, and total income tax payment. Is this a progressive, regressive, or flat tax code? Explain.

Question

Table: Marginal Tax Rates $$\begin{array} { l c } 
\hline \text { Income } & \text { Tax rate } \
\hline \$ 0 - \$ 20,000 & 0 \% \
\$ 20,000.01 - \$ 40,000 & 10 \% \
\$ 40,000.01 - \$ 60,000 & 20 \% \
\hline
\end{array}$$ 
For a family earning $45,000, use the tax rates from the accompanying table and determine its marginal tax rate, average tax rate, and total income tax payment. Is this a progressive, regressive, or flat tax code? Explain.

Quizplus · Accepted Answer

The Answer of Table: Marginal Tax Rates $$\begin{array} { l c } 
\hline \text { Income } & \text { Tax rate } \
\hline \$ 0 - \$ 20,000 & 0 \% \
\$ 20,000.01 - \$ 40,000 & 10 \% \
\$ 40,000.01 - \$ 60,000 & 20 \% \
\hline
\end{array}$$ 
For a family earning $45,000, use the tax rates from the accompanying table and determine its marginal tax rate, average tax rate, and total income tax payment. Is this a progressive, regressive, or flat tax code? Explain.

Table: Marginal Tax Rates For a Family Earning $45,000, Use the Tax Rates from \text