The table below shows labor income for four individuals and the amount each has paid in income taxes. Labor Income, Tax Paid, and Average Tax
The table below shows labor income for four individuals and the amount each has paid in income taxes.
Labor Income, Tax Paid, and Average Tax Rate
Individual | Labor Income (dollars) | Tax Paid (dollars) | Average Tax Rate (percent) |
| Samantha | $45,000 | $4,500 | % |
| Charles | 60,000 | 7,200 | % |
| Amanda | 85,000 | 12,750 | % |
| Young | 105,000 | 23,100 | % |
Instructions: Enter your answers as a whole number.
a. Complete the table above by calculating the average tax rate paid by each individual.
b. Is the income tax depicted here progressive, regressive, or proportional?
multiple choice
- The income tax is progressive.
- The income tax is proportional.
- The income tax is regressive.
The table below shows labor income for four individuals and the amount each has paid in income taxes.
Labor Income, Tax Paid, and Average Tax Rate
Individual | Labor Income (dollars) | Tax Paid (dollars) | Average Tax Rate (percent) |
| Samantha | $45,000 | $4,500 | % |
| Charles | 60,000 | 7,200 | % |
| Amanda | 85,000 | 12,750 | % |
| Young | 105,000 | 23,100 | % |
Instructions: Enter your answers as a whole number.
a. Complete the table above by calculating the average tax rate paid by each individual.
b. Is the income tax depicted here progressive, regressive, or proportional?
multiple choice
- The income tax is progressive.
- The income tax is proportional.
- The income tax is regressive.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Solution a Average Tax Rate Calculations To calculate the ...
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Authors: Stacey Jones, Tim Bergquist, Ned Freed
1st edition
1118145259, 978-1118145258
