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4 months ago

Question 1.

Table 18-5

 Taxable Income Tax 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 Bracket Marginal Tax Rate $0 - 8,000 12% 8,001 - 22,000 17% 22,001 - 48,000 25% 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
Textbook
 Microeconomics Edition: 7th Authors: Hubbard, O'Brien
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4 months ago
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4 months ago
 I appreciate what you did here, answered it correctly
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