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wrote...
Posts: 53
2 weeks ago

Question 1.

The largest percentage of federal income tax revenue in the United States is paid by the

• lowest income taxpayers.

• middle income taxpayers.

• highest income taxpayers.

• All groups of taxpayers—low income, high income and middle income—pay the same percent of federal income taxes.

Question 2.

An average tax rate is calculated as

• total taxable income × taxes paid.

• total taxable income ÷ taxes paid.

• taxes paid ÷ total taxable income.

• (total taxable income - taxes paid) ÷ taxable income.
Source  Download
Microeconomics
Edition: 7th
Authors:
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Answer verified by a subject expert
wrote...
Posts: 57
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2 weeks ago
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Answer 1

highest income taxpayers.

Answer 2

taxes paid ÷ total taxable income.
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wrote...
2 weeks ago
Thank you, thank you, thank you!
wrote...
2 weeks ago
You're welcome
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