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Title: An income tax system is ________ if marginal tax rates increase as income increases.
Post by: dupoyjohn134 on Oct 10, 2019

Question 1.

An income tax system is ________ if marginal tax rates increase as income increases.



progressive



equitable



regressive



efficient



Question 2.

Table 18-9

Income Tax BracketMarginal Tax Rate
$0 - 6,00010%
6,001 - 20,00015%
20,001 - 44,50022%
44,501 and over 30%

Table 18-9 shows the income tax brackets and tax rates for single taxpayers in Monrovia.



Refer to Table 18-9. Calculate the income tax paid by Sylvia, a single taxpayer with an income of $70,000.



$21,000



$15,740



$15,400



$13,475



Title: An income tax system is ________ if marginal tax rates increase as income increases.
Post by: Niquegirl21! on Oct 10, 2019
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