Chapter 1 Problems Lun Bar the bar is Saved Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completio Help Save & Exit Subs 5 Return to question Congress would like to increase tax revenues by 19 percent. Assume that the average taxpayer in the United States earns $54,000 and pays an average tax rate of 15 percent. a. If the income effect is in effect for all taxpayers, what average tax rate will result in a 19 percent increase in tax revenues? (Round your answer to 2 decimal places.) 2 points Answer is complete but not entirely correct. Average tax rate 17.22% b. This is an example of what type of forecasting? Static Dynamic Graw HI