Question 28: In 2016, how many of the 700,000 black teenagers who participated in the labor market: a ) Were unemployed? b) Were employed? C) Would have been employed if they had the same unemployment rate as white teenagers? (See Text Book Chapter 6 Figure 6.4 for needed info.)Question 35: Using Text Book Chapter 33 Table 33.1, compute the taxable income and taxes for the following taxpayers, then answer questions (a) through (c). Taxpayer Gross Income Exemptions and Taxable Tax Deductions Income $20,000 $4,000 40,000 16.000 80,000 34.000 200,000 110,000 Which taxpayer has: The highest nominal tax rate? age The highest effective tax rate? The highest marginal tax rate?40 36 32 Teenagers 28 26.7 24 UNEMPLOYMENT RATE, 2013 (percent) 20 17.1 16 14.1 12 Adult males Adult females 8 7.3 7.0 5.5 1.9 4 3.6 4.1 3.7 O White Black White Black White Black Hispanic Hispanic Hispanic National average FIGURE 6.4 Unemployment Varies by Race and Sex Minority groups, teenagers, and less-educated individuals rates are particularly high, especially for black and Hispanic youth. experience higher rates of unemployment. Teenage unemployment Source: U.S. Department of Labor (2016 data).TABLE 33.1 Progressive Taxes Tax Bracket Marginal Tax Rate The federal income tax is $0-9,275 10% progressive because it levies higher tax rates on higher $9,275-37,650 15 $37,650-91,150 incomes. The 2016 marginal tax 25 rate started out at 10 percent for $91,950-190, 150 28 incomes below $9,275 and rose $190, 150-413,350 33 to 39.6 percent for incomes $413,350--415,050 35 above $415,050. Over $415,050 39.6 Source: Internal Revenue Service (2016 tax rates for single Individuals)