This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Refer to Scenario 19.2 below to answer the question(s) that follow. SCENARIO 19.2: An individual ... (Read 34 times)

Diane

  • Hero Member
  • *****
  • Posts: 576
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.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Diane on Apr 19, 2019

harveenkau8139

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 49% of students answer this correctly


Diane

  • Member
  • Posts: 576
Reply 2 on: Apr 19, 2019
:D TYSM

ecabral0

  • Member
  • Posts: 310
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

How to set up and solve linear models (Question 2) How to set up and solve linear models (Question 2)
How to set up and solve linear models (Question 3) How to set up and solve linear models (Question 3)
Economics question Economics question
this is a math question this is a math question
economic question economic question
Hi i really need help clarifying this question T^T Hi i really need help clarifying this question T^T
Video: Covalent bonds - role in the body

For a complete list of videos, visit our video library