Question

Jurisdiction X levies a flat 14 percent tax on individual income in excess of $35,000 per year. Individuals who earn $35,000 or less pay no income tax.
a. Mr. Hill earned $98,750 income this year. Compute his income tax and determine his average and marginal tax rate.
b. Ms. Lui earned $47,900 income this year. Compute her income tax and determine her average and marginal tax rate.
c. Ms. Archer earned $34,100 income this year and paid no income tax. Describe her average and marginal tax rate. d. What type of rate structure does Jurisdiction X use for its individual income tax?


$1.99
Sales0
Views56
Comments0
  • CreatedNovember 03, 2015
  • Files Included
Post your question
5000