Refer to Table 20.1. George is a single taxpayer with an income of $65,000. If George had received a raise of $3,500 at the beginning of the year, his average tax rate would be
A) 22.99%.
B) 23.75%.
C) 32.5%.
D) 38%.
A
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A graph shows that the number of U.S. tourists visiting a Caribbean island increases as the temperature in the northeastern United States falls. The graph shows
A) a direct relationshi
If the government were to decrease corporate income tax, we would predict a:
A. downward movement along the aggregate demand curve. B. shift in aggregate demand to the right. C. shift in aggregate demand to the left. D. shift straight down of aggregate demand.
Consider a labor market that is initially in equilibrium. When the labor supply curve shifts to the left while the labor demand curve remains unchanged, the: a. equilibrium wage rate increases
b. price of the output that uses this labor resource decreases. c. equilibrium number of workers hired increases. d. equilibrium wage rate falls.
One reason dressing well for a job interview may not be an effective signal is
A. a person who has successfully completed a job-training program might be unable to afford a new suit. B. buying a suit takes time away from studying. C. people who are more serious about getting a job will make the investment in a new suit. D. it is costly for a person less interested in the job to buy a new suit.