Top Posters
Since Sunday
82
a
50
14
10
G
9
I
8
m
8
7
m
7
K
7
6
b
6
New Topic  
dupoyjohn134 dupoyjohn134
wrote...
Posts: 398
A week 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


Edition: 1st
Authors:
Read 52 times
1 Reply
Replies
Answer verified by a subject expert
Niquegirl21!Niquegirl21!
wrote...
Posts: 304
A week ago
Sign in or Sign up in seconds to unlock everything for free.

Answer 1

progressive



Answer 2

$15,740

1

Related Topics

New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers.
Learn More
Improve Grades
Help Others
Save Time
Accessible 24/7
  108 People Browsing
 116 Signed Up Today
Related Images
 3696
 94
 31