Homework Answers
Answer
progressive tax
The tax rate increases as income increases so the tax is a
progressive tax
Tax amount =sum of ( income in the tax bracket * tax rate)
tax amount
=8000*0.1+(34000-8000)*0.15+(72000-34000)*0.25+(80000-72000)*0.3
=16600
the tax amount is $16600
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Do
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