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inysia [295]
3 years ago
12

Suppose the tax rate on the first​ $10,000 income is 0​ percent; 10 percent on the next​ $20,000; 20 percent on the next​ $20,00

0; 30 percent on the next​ $30,000; and 40 percent on any income over​ $80,000. family a has income of​ $40,000 and family b has income of​ $100,000. what is the marginal and average tax rate for each​ family?
a. family​
a.marginallong dash—10 ​percent; averagelong dash—10 ​percent; family​
b.marginallong dash—30 ​percent; averagelong dash—30 percent.
b. family​
a.marginallong dash—20 ​percent; averagelong dash—20 ​percent; family​
b.marginallong dash—40 ​percent; averagelong dash—40 percent.
c. family​
a.marginallong dash—20 ​percent; averagelong dash—10 ​percent; family​
b.marginallong dash—40 ​percent; averagelong dash—23 percent.
d. family​
a.marginallong dash—20 ​percent; averagelong dash—15 ​percent; family​
b.marginallong dash—40 ​percent; averagelong dash—20 percent.
Business
1 answer:
olasank [31]3 years ago
5 0
  <span>Family A: marginal rate 20%, average rate 10%</span><span> 

Family B: marginal rate 40%, average rate 23% </span><span>

The marginal tax rate is the rate paid on the last dollar of income; this would be whatever tax bracket the family is in. The average price is the total tax divided by the total revenue. </span><span>

Family A: </span><span>
</span><span>
total income $40,000: this includes $10,000 at 0%, $20,000 at 10% (tax of $2,000), and $10,000 at 20% (tax of $2,000). The last rate paid is 20% so that is the marginal rate; the total tax paid is $4,000, divide that by $40,000 total income, that is the average rate. </span><span>

Family B: </span><span>
</span><span>
total income $100,000: this includes $10,000 at 0%, $20,000 at 10% (tax of $2,000), $20,000 at 20% (tax of $4,000), $30,000 at 30% (tax of $9,000), and $20,000 at 40% (tax of $8,000). The last rate paid is 40% so that is the marginal rate; the total tax paid is $23,000, divide that by $100,000 total income, that is the average rate.</span>
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<h3>What is Consultative leadership?</h3>

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Two principles of fraud insurance​
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hi buddy

here is your answer

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Jillian wants to plan her finances because she wants to create and maintain her tax and credit history. She also wants to chart
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A decrease in net taxes (select one):
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Answer:

C, Raises aggregate expenditure by raising liable income, thereby increasing consumption.

Explanation:

Tax is a very important financial tool of any governmet to ensure its smooth running.

Tax can either be increased or decreased and each of these acts have their effects on the the counrty and on its people. For the purpose of this question, i will be sticking to tax decrease.

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When the people have more money to spend, there is an increase in things they buy, wear, do, etc and so production in that country becomes high.

Tax decrease is most effective in a situations where there is high level of unemployment and slow paced economies.

cheers.

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