Answer the question.Suppose that of the total amount collected in taxes by the U.S. government, 25% of it comes from families with incomes greater than $200,000. If taxes are increased by 5% across the board, which of the following statements will be true?

Question

A. A family with an income greater than $200,000 will have to pay 25% more in taxes.
B. 25% of the additional revenue collected by the government will come from families with incomes greater than $200,000.
C. 5% of the additional revenue will come from each income group.
D. The total amount collected from families with incomes greater than $200,000 will increase by 25%.

Answer 1

Answer: B