The following table shows Kent's annual income over two years and the income taxes paid in each year. With no changes in

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answerhappygod
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The following table shows Kent's annual income over two years and the income taxes paid in each year. With no changes in

Post by answerhappygod »

The following table shows Kent's annual income over two years
and the income taxes paid in each year.
With no changes in the marginal tax rate schedule, which of the
following is true about the tax rates?
a. the amount paid in income tax increased as income increased,
so the tax is regressive
b. the amount paid in income tax increased as income increased,
so the tax is proportional
c. the average tax rate when Kent earned $120,000 was less than
the marginal tax rate on the last $20,000 he earned
d. the marginal tax rate was equal to the average tax rate
for both incomes
e. the marginal tax rate on the last $20,000 rate at $100,000
income, but the average tax rate decreased with the increase in
income
Please choose the best answer, explain why you chose that, and
justify why all the other choices are wrong.
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