Complete the following table and answer the following questions: What is the ratio of a high income

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Complete the following table and answer the following questions:

Before-Tax Тах Tax After-Tax Income Rate Pald Income $500,000 39.6% High- Income Family 20.0% Middle- 50,000 Income F

What is the ratio of a high income family's income to a low income family's income
(a) Before taxes and
(b) After taxes?
(c) Is this tax progressive?

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Essentials of Economics

ISBN: 978-1259235702

10th edition

Authors: Bradley Schiller, Karen Gebhardt

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Question Posted: Aug 30, 2017 11:47 PM

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Complete the following table and answer the following questions: What is the ratio of a high income

Question:

Before-Tax Тах Tax After-Tax Income Rate Pald Income $500,000 39.6% High- Income Family 20.0% Middle- 50,000 Income Family 10.0% Low- 20,000 Income Family

Step by Step Answer:

a 251 b 1681 c Yes Explanation To complete the table The tax paid by a highincome family equals 1980...View the full answer

Essentials of Economics

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