question archive Question 18 1 pts Tom earns $35,000 per year
Question 18 1 pts Tom earns $35,000 per year
Subject:EconomicsPrice:9.82 Bought3
Question 18 1 pts Tom earns $35,000 per year. The income tax rate on incomes below $20,000 is 10 percent.
The rate on income between $20,001 and $35,000 is 15 percent. Which of the following is/are true? The
income tax is progressive. The income tax is regressive. Tom's marginal income tax rate is 15 percent. Next
Option 1
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