Larry earns $25,000 and pays $2,500 in tax, while Suzy earns$50,000 and pays $15,000 in tax. If Larry's income increases by$100, his tax increases by $12, but if Suzy's income increase by$100, her tax increases by $35. Calculate the average taxrate and marginal tax rate that Larry pays and that Suzy pays. Isthis income tax fair? Explain.

Answer rating: 100% (QA)

LARRY AVERAGE TAX RATE PAID TAX PAID INCOME100 25002500010... View the full answer