What politicians call a "Flat tax typically applies one tax rate to all income over some exemption amount. For 50 bax because they are under the exemption amount. If someone makes $60k, they would pay 6.03(60k-206) = 1. Suppose a state has a far income tax or 5% en amounts over Siok Fill in this table. One example is shown so you can figure out if your calculations are correct. You may use a spreadsheet if your instructor allows it. Income Tax S Amount Overall Tax % 0 NA 25000 50000 $2,000 4.00% 75000 100000 150000 200000 2. Similarly, suppose the state has a "at" income tax of 10% on amounts over SSok instead of the tax system mentioned above. Fill out this table: Income Tax S Amount Overall Tax % 0 NA 25000 S0000 75000 100000 150000 200000 55.000 5.00% 3. Similarly, suppose the state has a "flar income tax of 15% on amounts over S100k, instead of the tax systems mentioned above. Fill out this table: Income Tax S Amount Overall Tax 0 NA 25000 50000 75000 100000 150000 5.00% 200000 $7,500 24