1. a. . ' , . Fill out the table below assuming that the government taxes 20...

Question:

1.

a. . ' , . Fill out the table below assuming that the government taxes 20 percent ofthe first $30,000 ofincome and 50 percent ofall income above $30,000 . ,,,,' 'Sd~~' '" $10,000 20,000 30,000 40,000 ~ ~ , -:". ", 'I'I"~ fi!a:ii:l," _"' '" )" ',lA:~Jra,I~ sr.,. ,'~.sinal :ra~ : " .' .,' t ~ , ,lite,':"'" "', '" - ;M"" ~_~tL, ." Q ,~0",

b. Compare the taxes for someone making $10,000 to those of someone making $50,000 in part a above. Is this tax system progressive, regressive, or proportional? Explain.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: