Government G levies an income tax with the following rate structure:

Percentage Rate Bracket

6% Income from 0 to $30,000

10% Income from $30,001 to $70,000 20

20% Income from $70,001 to $200,000 28

28% Income in excess of $200,000

Taxpayer O earns $50,000 annually during years 1 through 10.

Taxpayer P earns $20,000 annually during years 1 through 5 and $80,000 annually during years 6 through 10.

Assume the tax rate bracket has not changed.

Question: How much total income does each taxpayer earn over the 10-year period? Compute each taxpayers average tax rate for the 10 yr period?