Suppose the government imposes a tax of 10 per cent on the first $20 000 of income, 20 % on income from $20 000 to 50 000, and 30 per cent on income from 50 000 or more.Amy has an income of $32 000 and Lee has an income of $60 000.What are the tax liabilities, the marginal tax rate and the average tax rate for Amy and Lee?

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The Answer of Suppose the government imposes a tax of 10 per cent on the first $20 000 of income, 20 % on income from $20 000 to 50 000, and 30 per cent on income from 50 000 or more.Amy has an income of $32 000 and Lee has an income of $60 000.What are the tax liabilities, the marginal tax rate and the average tax rate for Amy and Lee?

Suppose the Government Imposes a Tax of 10 Per Cent