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Jurisdiction X levies a flat 1 4 percent tax on individual income in excess of $ 3 5 , 0 0 0 per year. Individuals
Jurisdiction X levies a flat percent tax on individual income in excess of $ per year. Individuals who earn $ or less pay no income tax.
Required:
a Mr Hill earned $ income this year. Compute Mr Hill's income tax, and determine average and marginal tax rate.
b Ms Lui earned $ income this year. Compute Ms Lui's income tax and determine average and marginal tax rate.
c Ms Archer earned $ income this year and paid no income tax. Describe Ms Archer's average and marginal tax rate.
d What type of rate structure does Jurisdiction use for its individual income tax?
Complete this question by entering your answers in the tabs below.
Req A to C
a Mr Hill earned $ income this year. Compute Mr Hill's income tax, and determine average and marginal tax rate.
b Ms Lui earned $ income this year. Compute Ms Lui's income tax and determine average and marginal tax rate.
c Ms Archer earned $ income this year and paid no income tax. Describe Ms Archer's average and marginal tax rate.
Note: For all requirements, round average tax rate answer to decimal place.
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tablea Income tax,$a Average tax rate,,
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