Author Question: Refer to Scenario 19.2 below to answer the question(s) that follow. SCENARIO 19.2: An individual ... (Read 17 times)

Diane · **on:** Apr 19, 2019

Question 1

Refer to Scenario 19.2 below to answer the question(s) that follow.

SCENARIO 19.2: An individual earning $40,000 pays $3,200 in taxes. The marginal tax rate on any income earned above $40,000 is 20%.

Refer to Scenario 19.2. When this person earns $40,000, her average tax rate is

◦ 8%.
◦ 12.5%.
◦ 20%.
◦ indeterminate from this information.

Question 2

Refer to Scenario 19.2 below to answer the question(s) that follow.

SCENARIO 19.2: An individual earning $40,000 pays $3,200 in taxes. The marginal tax rate on any income earned above $40,000 is 20%.

Refer to Scenario 19.2. When this person earns $60,000, her tax payment would be

◦ $4,000.
◦ $7,200
◦ $12,000.
◦ indeterminate from this information.

harveenkau8139 · **Reply #1 on:** Apr 19, 2019

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