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Question 1.

Table 18-5

Taxable IncomeTax Payments
$20,000$2,000
 25,000  2,250
 32,000  2,560
 42,000  2,940
Table 18-5 shows the amount of taxes paid on various levels of income.


Refer to Table 18-5. The tax system is

• progressive throughout all levels of income.

• proportional throughout all levels of income.

• regressive throughout all levels of income.

• regressive between $20,000 and $25,000 of income and progressive between $32,000 and $42,000.

Question 2.

Table 18-6

Income Tax BracketMarginal Tax Rate
$0 - 8,00012%
8,001 - 22,00017%
22,001 - 48,00025%
48,001 and over 38%
Table 18-6 shows the income tax brackets and tax rates for single taxpayers in Calpernia.


Refer to Table 18-6. How much income tax does Sasha pay if he is a single taxpayer with an income of $60,000?

• $22,800

• $14,400

• $13,800

• $13,642
Source  Download
Microeconomics
Edition: 7th
Authors:
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Answer 1

regressive throughout all levels of income.

Answer 2

$14,400
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2 months ago
I appreciate what you did here, answered it correctly Smiling Face with Open Mouth
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