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Author Question: Briana, who is single, has taxable income for the current year of $78,000, resulting in a total tax ... (Read 158 times)

Capo

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Question 1

Arthur pays tax of $5,000 on taxable income of $50,000 while taxpayer Barbara pays tax of $12,000 on $120,000. The tax is a
◦ progressive tax.
◦ proportional tax.
◦ regressive tax.
◦ None of these.

Question 2

Briana, who is single, has taxable income for the current year of $78,000, resulting in a total tax of $15,271. Her total economic income is $98,000.  Briana's average tax rate and effective tax rate are, respectively,
◦ 19.58% and 15.58%.
◦ 25% and 28%.
◦ 19.58% and 25%.
◦ 15.58% and 19.58%.


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Marked as best answer by Capo on Sep 13, 2020

xiaomengxian

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Capo

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Reply 2 on: Sep 13, 2020
Wow, this really help


bigsis44

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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