Solved

If Personal Income Up to and Including $30,000 Is Not

Question 51

Multiple Choice

If personal income up to and including $30,000 is not taxed,income of $30,001 to $60,000 is taxed at 10%,and income over $60,000 is taxed at 25%,then a family earning an income of $100,000 will pay a n AVERAGE tax rate of _____%.


A) 5
B) 10
C) 13
D) 25

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q46: Use the following to answer question: <img

Q47: Which tax is the LARGEST source of

Q48: Use the following to answer question: <img

Q49: Suppose Governor Meridias decides to initiate a

Q50: Use the following to answer question: <img

Q52: _ tax is NOT a major source

Q53: If personal income up to and including

Q54: The deadweight loss from an excise tax

Q55: Tax cuts authorized between 2000 and 2004

Q56: Use the following to answer question: <img