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Song earns $110,000 taxable income as an intenior designer and is taxed at an average rate of 20 percent (ie, $22,000 of tax). Answer the

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Song earns $110,000 taxable income as an intenior designer and is taxed at an average rate of 20 percent (ie, $22,000 of tax). Answer the questions below assuming that Congress increases the income tax rate such that Song's average tax rate increases from 20 percent to 25 percent. Required: a. What wili happen to the government's tax revenues if Song chooses to spend more time pursuing her other passions besides work in response to the tax rate change and therefore earns only $82,500 in taxable income? b. What is the term that describes this type of reoction to a tox rate increase? c. What types of taxpayers are likely to respond in this manner? Complete this question by entering your answers in the tabs below. What will happen to the government's tax revenues if Song chooses to spend more time pursuing her other passions besides work in response to the tax rate change and therefore eorns only $82,500 in taxable income

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