The table below shows labor income for four individuals and the amount each has paid in incometaxes.Labor Income, Tax Paid, and Average Tax RateLabor IncomeTax Paid(dollars)$6,3009,24011,20017,500IndividualSamanthaCharlesAmandaYoung(dollars)$45,00066,00080,000125,000Average Tax Rate(percent)The income tax is proportional.The income tax is progressive.The income tax is regressive.%PInstructions: Enter your answers as a whole number.a. Complete the table above by calculating the average tax rate paid by each individual.b. Is the income tax depicted here progressive, regressive, or proportional?

An income tax is a levy imposed on individuals or entities based on their income or profits earned…

The table below shows labor income for four individuals and the amount each has paid in income taxes. Labor Income, Tax Paid, and Average Tax Rate Labor Income Tax Paid (dollars) $6,300 9,240 11,200 17,500 Individual Samantha Charles Amanda Young (dollars) $45,000 66,000 80,000 125,000 Average Tax Rate (percent) Instructions: Enter your answers as a whole number. a. Complete the table above by calculating the average tax rate paid by each individual. b. Is the income tax depicted here progressive, regressive, or proportional? The income tax is proportional. The income tax is progressive. The income tax is regressive.

The table below shows labor income for four individuals and the amount each has paid in income taxes. Labor Income, Tax Paid, and Average Tax Rate Labor Income Tax Paid (dollars) $6,300 9,240 11,200 17,500 Individual Samantha Charles Amanda Young (dollars) $45,000 66,000 80,000 125,000 Average Tax Rate (percent) Instructions: Enter your answers as a whole number. a. Complete the table above by calculating the average tax rate paid by each individual. b. Is the income tax depicted here progressive, regressive, or proportional? The income tax is proportional. The income tax is progressive. The income tax is regressive.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter15: Poverty And Economic Inequality

Section: Chapter Questions

Problem 47P: A group of 10 people have the following annual incomes:...

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The table below shows labor income for four individuals and the amount each has paid in income taxes. Labor Income, Tax Paid, and Average Tax Rate Individual Labor Income (dollars) Tax Paid (dollars) Average Tax Rate (percent) Samantha $45,000 $3,600 ________% Charles 65,000 6,500 ________% Amanda 82,000 13,120 ________% Young 110,000 119,800 ________% Instructions: Enter your answers as a whole number. Complete the table above by calculating the average tax rate paid by each individual. Is the income tax depicted here progressive, regressive, or proportional? ____ The income tax is progressive. ____ The income tax is proportional. ____ The income tax is regressive.
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