Suppose the government imposes a tax of 10 percent on the first $40,000 of income and 20 percent on all income above $40,000. What is the average tax rate when income is $50,000?
A) 20 percent
B) 15 percent
C) 12 percent
D) 10 percent
Correct Answer:
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Q177: Table 12-1 Q178: As tax laws become more complex, Q179: The U.S. income tax Q180: Why do some policymakers support a consumption Q181: Suppose that the government taxes income in Q183: Table 12-3 Q184: Scenario 12-3 Q185: If the government imposes a tax of Q186: If your income is $40,000 and your Q187: If your income is $40,000 and your
A)the administrative
A)discourages saving.
B)encourages saving.
C)has no
The following table presents the total
A taxpayer faces the following
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