Top Posters
Since Sunday
r
4
L
4
3
d
3
M
3
l
3
V
3
s
3
d
3
a
3
g
3
j
3
New Topic  
dupoyjohn134 dupoyjohn134
wrote...
Posts: 536
4 years ago

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

Textbook 
InMicro

InMicro


Edition: 1st
Authors:
Read 129 times
1 Reply
Replies
Answer verified by a subject expert
Niquegirl21!Niquegirl21!
wrote...
Posts: 377
4 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

dupoyjohn134 Author
wrote...

4 years ago
This helped my grade so much Perfect
wrote...

Yesterday
This site is awesome
wrote...

2 hours ago
Brilliant
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1680 People Browsing
Related Images
  
 787
  
 713
  
 1490
Your Opinion
Which is the best fuel for late night cramming?
Votes: 231

Previous poll results: How often do you eat-out per week?