The country of Valhalla levies an income tax with the following rate structure.

A. Mrs. Greene's annual income is $125,000. Compute her tax, her average tax rate, and her marginal tax rate.
B. Mr. Chen's annual income is $220,000. Compute his tax, his average tax rate, and his marginal tax rate.
C. Does Valhalla have a proportionate, progressive, or regressive tax rate structure?

Question

The country of Valhalla levies an income tax with the following rate structure.
  
A. Mrs. Greene's annual income is $125,000. Compute her tax, her average tax rate, and her marginal tax rate.
 B. Mr. Chen's annual income is $220,000. Compute his tax, his average tax rate, and his marginal tax rate.
 C. Does Valhalla have a proportionate, progressive, or regressive tax rate structure?

Quizplus · Accepted Answer

The Answer of The country of Valhalla levies an income tax with the following rate structure.
  
A. Mrs. Greene's annual income is $125,000. Compute her tax, her average tax rate, and her marginal tax rate.
 B. Mr. Chen's annual income is $220,000. Compute his tax, his average tax rate, and his marginal tax rate.
 C. Does Valhalla have a proportionate, progressive, or regressive tax rate structure?

The Country of Valhalla Levies an Income Tax with the Following