A Tax Cut. According to an analysis of a proposed federal tax cut by the accounting firm Deloitte and Touche, a single person with a household income of $41,000 would save $211 in income taxes, while a single person with a household income of $530,000 would save $12,838 in taxes. A married couple with two children and a household income of $41,000 would save $1208 in income taxes, while a married couple with two children and a household income of $530,000 would save $13,442 in taxes.
a. Find the absolute difference in savings between a single person earning $41,000 and a single person earning $530,000. Then express the savings as a percentage of earnings for each person.
b. Find the absolute difference in savings between a married couple with two children earning $41,000 and a married couple with two children earning $530,000. Then express the savings as a percentage of earnings for each couple.
c. Write a paragraph either defending or disputing the position that the tax cut helps lower-income people.
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.