pay Based on your yearly income above, calculate the amount of tax each income bracket would under a progressive tax plan. Each row up to the total income amount should be filled in. For an example of a completed chart, go to Page 2 of Lesson 3.06. Proposed Progressive Plan 10% on income up to $25,000 20% on income between $25,000 and $34,000 25% on income between $34,000 and $44,000 30% on income between $44,000 and $80,000 40% on taxable income over $80,000 TOTAL TAX PAID (sum of all rows): Calculate the tax for $95,000. For example, $10,000x40%-$4,000 in tax. Show your work!! $25,000 10,100= $2,500 $9,000*20,100= $1,800 $10,000*25,100= $2,500 $36,000*30,100= $10,800 $15,000*40,100= $6,000 $23,600 Calculate the tax for $25,000. For example, $10,000x40%-$4,000 in tax. Show your work!!

pay Based on your yearly income above, calculate the amount of tax each income bracket would under a progressive tax plan. Each row up to the total income amount should be filled in. For an example of a completed chart, go to Page 2 of Lesson 3.06. Proposed Progressive Plan 10% on income up to $25,000 20% on income between $25,000 and $34,000 25% on income between $34,000 and $44,000 30% on income between $44,000 and $80,000 40% on taxable income over $80,000 TOTAL TAX PAID (sum of all rows): Calculate the tax for $95,000. For example, $10,000x40%-$4,000 in tax. Show your work!! $25,000 10,100= $2,500 $9,00020,100= $1,800 $10,00025,100= $2,500 $36,00030,100= $10,800 $15,00040,100= $6,000 $23,600 Calculate the tax for $25,000. For example, $10,000x40%-$4,000 in tax. Show your work!!

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter16: The Public Sector

Section: Chapter Questions

Problem 7SQP

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