Table 20.3: The table shows the taxable income range and marginal tax rates for a single taxpayer in Lower Slobbovia.
There are no exemptions or deductions on personal income taxes in Lower Slobbovia.
-Refer to Table 20.3. Abner Little is a single taxpayer in the country of Lower Slobbovia who earns an annual income of $80,000. How much income tax will Abner pay, what is his marginal tax rate, and what is his average tax rate? Is this income tax regressive or progressive? How do you know?

Question

Table 20.3:  The table shows the taxable income range and marginal tax rates for a single taxpayer in Lower Slobbovia.
There are no exemptions or deductions on personal income taxes in Lower Slobbovia.
-Refer to Table 20.3. Abner Little is a single taxpayer in the country of Lower Slobbovia who earns an annual income of $80,000. How much income tax will Abner pay, what is his marginal tax rate, and what is his average tax rate? Is this income tax regressive or progressive? How do you know?

Quizplus · Accepted Answer

The Answer of Table 20.3:  The table shows the taxable income range and marginal tax rates for a single taxpayer in Lower Slobbovia.
There are no exemptions or deductions on personal income taxes in Lower Slobbovia.
-Refer to Table 20.3. Abner Little is a single taxpayer in the country of Lower Slobbovia who earns an annual income of $80,000. How much income tax will Abner pay, what is his marginal tax rate, and what is his average tax rate? Is this income tax regressive or progressive? How do you know?

Table 203: the Table Shows the Taxable Income Range and and Marginal