Question: Song ears $ 2 1 0 , 0 0 0 taxable ncome as an intenor designer and is taxed at an average rate of 2

Song ears $210,000 taxable ncome as an intenor designer and is taxed at an average rate of 25 pencent $ e. $52.500 of tax ).
Reculied:
6. If Congress ncreases the income Bax rate such that Songls average tax abe increases fromi 25 percent to 30 percert, how much more income lax will she pay, assuming that the inconse ettect is descriptive?
b. How wat thes tax rate change arteed the tax barle and cobeched bact
Complete this question by entering your anwers in the tabs below.
If Congress increanes the income tax rate sech that sengls averape las rate increasen from 25 percent to 30 percent, hew much more income tax will she pay, awaring than the incolse effect is desolptive?
Hotec Round yeur intermediabe cabolatiens and final anvwer to 2 decimal placea.
Song ears $ 2 1 0 , 0 0 0 taxable ncome as an

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!