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Question number two is the one I need help on. 1. Suppose that on the first $10,000 of income people must pay 10 percent of

Question number two is the one I need help on.
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1. Suppose that on the first $10,000 of income people must pay 10 percent of their income in taxes. Also suppose that for the next $10,000 in income they must pay 20 percent in taxes, and for the next $10,000 they must pay 30 percent in taxes. Compute the average and marginal tax rates for each of three people who earn (respectively) $5,000,$15,000, or $25,000. 2. Referring back to the previous question, suppose that each of these people is paid the same before-tax hourly wage, but that they work 500 hours per year, 1,500 hours per year, and 2,500 hours per year, respectively. Calculate the after-tax hourly wage that each is earning. Comparing these people, who would you say likes leisure the most (combared to work)? Who likes leisure least compared to work

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