The table below shows the tax brackets for different income groups in a country:

-Refer to the table above.If Jack has an annual income of $50,000 and Jill earns $77,500,which of the following is true?

Question

The table below shows the tax brackets for different income groups in a country:
 
-Refer to the table above.If Jack has an annual income of $50,000 and Jill earns $77,500,which of the following is true?

Quizplus · Accepted Answer

Without the specific tax table provided in the question, we can still deduce that if Jack and Jill are both individuals with only their incomes to consider, the tax system typically places individuals with higher incomes into higher tax brackets unless there is a flat tax rate, which is not implied here. Since both individuals have different incomes, with Jill earning significantly more than Jack, it's logical to conclude they fall into the same tax bracket if the bracket spans from at least $50,000 to $77,500. The other options require specific tax rate information to verify, but generally, higher income leads to higher tax rates (not necessarily equal tax amounts or average rates), and marginal tax rates increase with income, making it unlikely for Jack to have a higher marginal rate than Jill.

The Table Below Shows the Tax Brackets for Different Income