\[\begin{array} { | c | c | } \hline \text { Taxable Income } & \text { Tax Payments } \\ \hline \$ 10,000 & \$ 1,000 \\ \hline 12,000 & 1,240 \\ \hline 16,000 & 1,780 \\ \hline 22,000 & 2,740 \\ \hline \end{array}\] Table 18-7 shows the amount of taxes paid on various levels of income. -Refer to Table 18-7.The tax system is

A) progressive throughout all levels of income. B) proportional throughout all levels of income. C) regressive throughout all levels of income. D) progressive between $10,000 and $12,000 of income and regressive between $16,000 and $22,000. A) progressive throughout all levels of income. B) proportional throughout all levels of income. C) regressive throughout all levels of income. D) progressive between $10,000 and $12,000 of income and regressive between $16,000 and $22,000.

A) the income tax system has little or no impact on the distribution of income. B) the after-tax income distribution of income is more equal than the before-tax distribution. C) once a person is in poverty,it is very difficult for a person to get out of poverty. D) the degree of income mobility is relatively low. A) the income tax system has little or no impact on the distribution of income. B) the after-tax income distribution of income is more equal than the before-tax distribution. C) once a person is in poverty,it is very difficult for a person to get out of poverty. D) the degree of income mobility is relatively low.

\[\begin{array} { | c | c | } \hline \text { Taxable Incame } & \text { Tax Payments } \\ \hline \$ 20,000 & \$ 2,000 \\ \hline 25,000 & 2,250 \\ \hline 32,000 & 2,560 \\ \hline 42,000 & 2,940 \\ \hline \end{array}\] Table 18-5 shows the amount of taxes paid on various levels of income. -Refer to Table 18-5.The tax system is

A) progressive throughout all levels of income. B) proportional throughout all levels of income. C) regressive throughout all levels of income. D) regressive between $20,000 and $25,000 of income and progressive between $32,000 and $42,000. A) progressive throughout all levels of income. B) proportional throughout all levels of income. C) regressive throughout all levels of income. D) regressive between $20,000 and $25,000 of income and progressive between $32,000 and $42,000.

\[\begin{array} { | c | c | } \hline \text { Income Tax Bracket } & \begin{array} { c } \text { Marginal Tax } \\ \text { Rate } \end{array} \\ \hline \$ 0 - 6,000 & 10 \% \\ \hline 6,001 - 20,000 & 15 \% \\ \hline 20,001 - 44,500 & 22 \% \\ \hline 44,501 \text { and over } & 30 \% \\ \hline \end{array}\] 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.

A) $21,000 B) $15,740 C) $15,400 D) $13,475 A) $21,000 B) $15,740 C) $15,400 D) $13,475

A) explains why consumers ignore sunk costs when they vote. B) explains the Arrow impossibility theorem. C) refers to attempts by special interests to use government action to make themselves better off at the expense of others. D) helps to explain why rent seeking by special interest groups occurs. A) explains why consumers ignore sunk costs when they vote. B) explains the Arrow impossibility theorem. C) refers to attempts by special interests to use government action to make themselves better off at the expense of others. D) helps to explain why rent seeking by special interest groups occurs.