Table 12-7

-Refer to Table 12-7.If the government imposes a $2000 lump-sum tax,what would be the average tax rate for Leslie and Paulo,respectively
A)4 percent and 5 percent
B)6 percent and 8 percent
C)9 percent and 12 percent
D)10 percent and 13 percent

Question

Table 12-7
 
-Refer to Table 12-7.If the government imposes a $2000 lump-sum tax,what would be the average tax rate for Leslie and Paulo,respectively
A)4 percent and 5 percent 
B)6 percent and 8 percent 
C)9 percent and 12 percent 
D)10 percent and 13 percent

Quizplus · Accepted Answer

The average tax rate is calculated by dividing the tax amount by the income. If Leslie and Paulo both pay a $2000 lump-sum tax, the average tax rate would be 4 percent for Leslie and 5 percent for Paulo, assuming their incomes are such that these percentages match the tax amount.

Table 12-7 -Refer to Table 12-7.If the Government Imposes a $2000 Lump-Sum