Author Question: Refer to Table 18-9. Sylvia is a single taxpayer with an income of 70,000. What is her marginal tax ... (Read 80 times)

amal · **on:** Jun 29, 2018

Refer to Table 18-9. Sylvia is a single taxpayer with an income of 70,000. What is her marginal tax rate and what is her average tax rate?

A) marginal tax rate = 8; average tax rate = 19.3
B) marginal tax rate = 30; average tax rate = 22.5
C) marginal tax rate = 20; average tax rate = 30
D) marginal tax rate = 30; average tax rate = 30

Question 2

The impact of Hurricane Katrina on consumers in the economy was to make them very pessimistic about their future incomes. How does this increased pessimism affect the aggregate demand curve?

A) This will move the economy down along a stationary aggregate demand curve.
B) This will shift the aggregate demand curve to the left.
C) This will shift the aggregate demand curve to the right.
D) This will move the economy up along a stationary aggregate demand curve.