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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
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Niquegirl21!Niquegirl21!
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Posts: 377
4 years ago
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