Question

The payroll tax for unemployment insurance in a certain nation taxes all wages up to a maximum per worker of $30,000 at a 5 percent flat rate. What are the marginal and average tax rates on the wages for each of the following three workers?
a. A restaurant worker with annual wages of $18,000.
b. An assistant bank manager with wages of $35,000 per year.
c. A corporate CEO with an annual salary of $500,000.


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  • CreatedAugust 22, 2015
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