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

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

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 Bracket	Marginal Tax Rate
$0 - 6,000	10%
6,001 - 20,000	15%
20,001 - 44,500	22%
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

Textbook

InMicro

Edition: 1^st

Authors: Hubbard, O'Brien

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Brilliant ツ

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