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Amount $20,000 Description Adjusted Gross income Standard Deductions and Exemptions (married, filing jointly, no dependents) Taxable income Total Tax (calculate from schedule) $3,000 Effective tax

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Amount $20,000 Description Adjusted Gross income Standard Deductions and Exemptions (married, filing jointly, no dependents) Taxable income Total Tax (calculate from schedule) $3,000 Effective tax rate d. In which year did paying $3,000 in taxes "cost the most? Explain your choice. e. W would we expect the answer to part (d) to be that year? (ie the answer to part (d) is either 1963, 1988, or 2013, whichever year it was, why would we expect that year to be the answer, even without having done any calculations?) 4. Suppose you are part of a Discount Club which is able to provide members with monthly rebates on purchases made to various companies. In order to incentivize their members to buy, the percent rebate increases as the total value of purchases increase. Let the Amount $20,000 Description Adjusted Gross income Standard Deductions and Exemptions (married, filing jointly, no dependents) Taxable income Total Tax (calculate from schedule) $3,000 Effective tax rate d. In which year did paying $3,000 in taxes "cost the most? Explain your choice. e. W would we expect the answer to part (d) to be that year? (ie the answer to part (d) is either 1963, 1988, or 2013, whichever year it was, why would we expect that year to be the answer, even without having done any calculations?) 4. Suppose you are part of a Discount Club which is able to provide members with monthly rebates on purchases made to various companies. In order to incentivize their members to buy, the percent rebate increases as the total value of purchases increase. Let the

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