1. You will be using the following fictional tax rate schedule (for Year X) for a married couple to answer the following questions.

You will also need to know that the standard deduction for a married couple is $30,000.

[Please note that $1 up to $10,000 represents $10,000 of income. It is not $9,999 (or $10,000 - $1). That first dollar is not subtracted out. That first dollar is included. The same goes for the other brackets.]

Taxable Income	Tax Rate Brackets
$1 up to $10,000	10%
$10,001 up to $20,000	15%
$20,001 up to $50,000	20%
$50,001 up to $70,000	30%
$70,001 up to $100,000	40%
$100,001 and up	50%

a) Suppose a married couple earned $80,000 in Year X, had no Adjustments to Gross Income, and took the standard deduction. Now please determine this couple's taxable income amount. First, you must show how you got your answer.

b) Based on your answer for (a) above, please determine this couple's tax payment for Year X. You must show how you got your answer.

c) Is this tax system shown above in the table a progressive, regressive or proportional tax rate system?

Answer rating: 100% (QA)

Answer a Since the couple earned 80000 in Year X and the standard deduction for a married couple is ... View the full answer