Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Question 6
Anitra has $120,000 in income. The marginal tax rates are 10% on the first $20,000, 20% on everything above $20,000 up to $60,000,
and 45% on everything above $60,000. Assuming that Anitra has no tax deductions, how much does she pay in taxes?
A $27,000
$37,000
$8,000
$2,000
C
C
D](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5bc943f6-864c-49e5-a9e7-7bf23535b120%2F30c82245-be4a-4828-987d-b56731fe6d36%2Flt9eu1q_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 6
Anitra has $120,000 in income. The marginal tax rates are 10% on the first $20,000, 20% on everything above $20,000 up to $60,000,
and 45% on everything above $60,000. Assuming that Anitra has no tax deductions, how much does she pay in taxes?
A $27,000
$37,000
$8,000
$2,000
C
C
D
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