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AndrewKraus AndrewKraus
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6 years ago
The table below shows the income tax rates applicable to various income slabs in Bonland:

Taxable Income   Tax Brackets
$0 - $6,000   10%
$6,001 - $30,000   15%
$30,001 - $75,000   18%
$75,001 - $125,000   20%
$125,001 and above   25%

If Mary's taxable income is $80,000, calculate her:
a)   total tax paid.
b)   marginal tax rate.
c)    average tax rate.
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
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SimplemanSimpleman
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6 years ago
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AndrewKraus Author
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#2
6 years ago
Excellent answer, thx
wrote...
#3
3 years ago
thank you
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