choose increases, decreases

choose increases, decreases

Marginal tax rates Using the tax rate schedule given here perform the following: a. Find the marginal tax rate for the following levels of sole proprietorship earnings before taxes: $15,000;$60,000;$90,000;$150,000;$250,000; $450,000; and $1 million. b. Plot the marginal tax rates (measured on the y-axis) against the pretax income levels (measured on the x-axis). ax Rates Schedule a. The marginal tax rate for earnings before taxes of $15,000 is nearest integer.) The total tax liability for earnings before taxes of $15,000 is $ The marginal tax rate for earnings before taxes of $60,000 is The total tax liability for earnings before taxes of $60,000 is $ The marginal tax rate for earnings before taxes of $90,000 is The total tax liability for earnings before taxes of $90,000 is $ The marginal tax rate for earnings before taxes of $150,000 is The total tax liability for earnings before taxes of $150,000 is $ The marginal tax rate for earnings before taxes of $250,000 is The total tax liability for earnings before taxes of $250,000 is $ The marginal tax rate for earnings before taxes of $450,000 is The total tax liability for earnings before taxes of $450,000 is $ The marginal tax rate for earnings before taxes of $1 million is The total tax liability for earnings before taxes of $1 million is $ \%. (Round to the (Round to the nearest dollar.) \%. (Round to the nearest integer.) (Round to the nearest dollar.) \%. (Round to the nearest integer.) (Round to the nearest dollar.) \%. (Round to the nearest integer.) (Round to the nearest dollar.) \%. (Round to the nearest integer.) (Round to the nearest dollar.) \%. (Round to the nearest integer.) (Round to the nearest dollar.) \%. (Round to the nearest integer.) (Round to the nearest dollar.) b. Plot the marginal tax rates (measured on the y-axis) against the pretax income levels (measured on the x-axis). The correct shape of the curve is: (Select the best answer below.) The relationship between these variables is that marginal tax rates as pretax incomes increase until the maximum rate of 37% is attained. The marginal tax rate actually in a step-like fashion as each tax bracket is reached, so the curve is not smooth. Marginal tax rates Using the tax rate schedule given here perform the following: a. Find the marginal tax rate for the following levels of sole proprietorship earnings before taxes: $15,000;$60,000;$90,000;$150,000;$250,000; $450,000; and $1 million. b. Plot the marginal tax rates (measured on the y-axis) against the pretax income levels (measured on the x-axis). ax Rates Schedule a. The marginal tax rate for earnings before taxes of $15,000 is nearest integer.) The total tax liability for earnings before taxes of $15,000 is $ The marginal tax rate for earnings before taxes of $60,000 is The total tax liability for earnings before taxes of $60,000 is $ The marginal tax rate for earnings before taxes of $90,000 is The total tax liability for earnings before taxes of $90,000 is $ The marginal tax rate for earnings before taxes of $150,000 is The total tax liability for earnings before taxes of $150,000 is $ The marginal tax rate for earnings before taxes of $250,000 is The total tax liability for earnings before taxes of $250,000 is $ The marginal tax rate for earnings before taxes of $450,000 is The total tax liability for earnings before taxes of $450,000 is $ The marginal tax rate for earnings before taxes of $1 million is The total tax liability for earnings before taxes of $1 million is $ \%. (Round to the (Round to the nearest dollar.) \%. (Round to the nearest integer.) (Round to the nearest dollar.) \%. (Round to the nearest integer.) (Round to the nearest dollar.) \%. (Round to the nearest integer.) (Round to the nearest dollar.) \%. (Round to the nearest integer.) (Round to the nearest dollar.) \%. (Round to the nearest integer.) (Round to the nearest dollar.) \%. (Round to the nearest integer.) (Round to the nearest dollar.) b. Plot the marginal tax rates (measured on the y-axis) against the pretax income levels (measured on the x-axis). The correct shape of the curve is: (Select the best answer below.) The relationship between these variables is that marginal tax rates as pretax incomes increase until the maximum rate of 37% is attained. The marginal tax rate actually in a step-like fashion as each tax bracket is reached, so the curve is not smooth