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Businesses and individuals are frequently concerned about their marginal tax rate, or rate at which the next dollar earned is taxed. In progressive taxation, the 80,001st dollar earmed is taxed at a higher rate than the 25,001st dollar earned and at a lower rate than the 140,001st dollar earned. Use the graph, showing the marginal tax rate for 2014, to answer the following questions. (406,731, 396) (40510i,35) Was the taxation in 2014 progressive? Why or why not? rO076.13) O 200 X0 Anneal inceme (ounds of delan) Choose the correct answer below. The taxation in 2014 was progressive because, according to the graph, the 80,001st dollar earned is taxed at a lower rate than the 25,001st dollar earned and at a higher rate than the 140,001st dollar earned. The taxation in 2014 was not progressive because, according to the graph, the 80,001st dollar earned is taxed at a higher rate than the 140,001st dollar earned. The taxation in 2014 was not progressive because, according to the graph, the 25,001st dollar earned is taxed at a higher rate than the 140,001st dollar earned. The taxation in 2014 was progressive because, according to the graph, the 80,001st dollar earned is taxed at a higher rate than the 25,001st dollar earned and at a lower rate than the 140,001st dollar earned. (auad) a Businesses and individuals are frequently concerned about their marginal tax rate, or rate at which the next dollar earned is taxed. In progressive taxation, the 80,001st dollar earmed is taxed at a higher rate than the 25,001st dollar earned and at a lower rate than the 140,001st dollar earned. Use the graph, showing the marginal tax rate for 2014, to answer the following questions. (406,731, 396) (40510i,35) Was the taxation in 2014 progressive? Why or why not? rO076.13) O 200 X0 Anneal inceme (ounds of delan) Choose the correct answer below. The taxation in 2014 was progressive because, according to the graph, the 80,001st dollar earned is taxed at a lower rate than the 25,001st dollar earned and at a higher rate than the 140,001st dollar earned. The taxation in 2014 was not progressive because, according to the graph, the 80,001st dollar earned is taxed at a higher rate than the 140,001st dollar earned. The taxation in 2014 was not progressive because, according to the graph, the 25,001st dollar earned is taxed at a higher rate than the 140,001st dollar earned. The taxation in 2014 was progressive because, according to the graph, the 80,001st dollar earned is taxed at a higher rate than the 25,001st dollar earned and at a lower rate than the 140,001st dollar earned. (auad) a
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