DETAILS 10. [-/1 Points] CUSTOMCRAUDQL3 4.5.024A. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Steve Forbes ran for U.S. president in 1996 and 2000 on a platform proposing a 17% flat tax, that is, an income tax that would simply be 17% of each tax payer's taxable income. Suppose that Joe was single in the year 2016 with a taxable income of $300,000 We learn that Joe actually made $600,000, but his taxable income was only $300,000 because of various deductions allowed by the system in 2016. Proponents of the flat tax say that many of these deductions should be eliminated, so the 17% flat tax should be applied to Joe's entire $600,000. What would Joe's tax be under the 17% flat tax? MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER DETAILS 11. (0/1 Points) PREVIOUS ANSWERS CUSTOMCRAUDQL3 4.5.024B. Steve Forbes ran for U.S. president in 1996 and 2000 on a platform proposing a 17% at tax, that is an income tax that would simply be 17% of each taxpayer's taxable income. Suppose that Joe was single in the year 2016 with a taxable income of $350,000 We learn that Joe actually made $700,000, but his taxable income was only $350,000 because of various deductions allowed by the system in 2016. Proponents of the flat tax say that many of these deductions should be eliminated, so the 17% fat tax should be applied to Joe's entire $700,000 How much more tax would Joe pay with a 17% flat tax than under the 2016 system? (Refer to the 2016 Tax Table for Singles for tax rates) $