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An individual makes an annual salary of $84,000 and is subject to a progressive income tax system depicted in the graphic below. Based on a
An individual makes an annual salary of $84,000 and is subject to a progressive income tax system depicted in the graphic below. Based on a progressive income tax system, should this individual expect to pay 22% of their income in taxes? a Yes - the individual should expect to pay $18,000 in income taxes as that is 22% of there annual income. b No - a progressive income tax has brackets meaning the total amount collected in taxes will be less than 22% of the individual's total income
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