Refer to Scenario 19.1 below to answer the question(s) that ...

[Kthamas]

Question 1

Refer to Scenario 19.1 below to answer the question(s) that follow. 


SCENARIO 19.1: An individual earning $60,000 pays $12,000 in taxes. The marginal tax rate on any income earned above $60,000 is 25%. 





Refer to Scenario 19.1. When this person earns $60,000, her average tax rate is

◦ 5%.
◦ 20%.
◦ 25%.
◦ indeterminate from this information.

Question 2

Refer to Scenario 19.1 below to answer the question(s) that follow. 


SCENARIO 19.1: An individual earning $60,000 pays $12,000 in taxes. The marginal tax rate on any income earned above $60,000 is 25%. 





Refer to Scenario 19.1. When this person earns $70,000, her tax payment would be

◦ $2,500.
◦ $14,500.
◦ $17,500.
◦ indeterminate from this information.

[vkodali]

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[Kthamas]

Thank you!

[vkodali]

Always glad to help...