Refer to the information provided in Table 19.4 below to answer the question(s) that follow.Table 19.4Total IncomeTotal Taxes$10,000 $1,000 20,000 2,400 30,000 4,500 40,000 8,000Related to the Economics in Practice on page 393: Refer to Table 19.4. If income increases from $20,000 to $30,000, the marginal tax rate is
A. 3%.
B. 15%.
C. 21%.
D. indeterminate from this information.
Answer: C
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a. True b. False Indicate whether the statement is true or false
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a. True b. False Indicate whether the statement is true or false