Complete the table and answer the following questions.After-TaxBefore-Tax IncomeTax RateTax PaidIncomeHigh-Income Family$500,00039.6%Middle-Income Family50,00020%Low-Income Family20,00010%Using the table, the ratio of a high-income family's to a low-income family'sa. before-tax income is:to 1b. after-tax income is:to 1c. Is this tax progressive?

Completion of first given table:- Before Tax Income($) Tax Rate Tax Paid($) After Tax Paid($)…

Answered: Complete the table and answer the…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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QUESTION 19 Which of these is NOT a component of the 2016 Social Security reform proposal by Democratic lawmakers? O a. an increase in minimum benefits to 25% above the poverty line b. an increase in benefits by 2% for all recipients O c. a more generous cost-of-living adjustment O d. lower payroll taxes
The following table gives the distribution of the income of the employees of a company Calculate the cumulative percentage of 2000 income. Calculate the Gini coefficient
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33. Which is not a exclusion in gross income * a. United States Veterans Administration (USVA) b. Social Security Systems (SSS) benefits under RA 8282 c. GSIS benefits under RA 8291 including retirement gratuity received by government officials and employees d. Philhealth proceeds under RA 9192
When Ann's income increased from $100,000 to $120,000, her income tax payment increased from $22,000 to $30,000. Ann's average tax rate is and her marginal tax rate is A. 25 percent; 25 percent B. 40 percent; 25 percent C. 40 percent; 40 percent D. 25 percent; 40 percent
1. Working with Numbers and Graphs Q1 The following table shows the income distribution of an economy. Quintile Lowest fifth Second fifth Third fifth Fourth fifth Highest fifth Income Share (Percent) 18 19 20 21 22
1. relative or absolute 2. relative or absolute 3. little or substantial 4.relative or absolute 5. Supplemental or Social 6.Supplemental or Social 7. earned income or dependent care 8. Disability or Nutrition Only typed answer
economic
Abraham. Income level $10,000 $50,000 $100,000 Refer to the table above. Abraham faces a a) progressive Ob) proportional Oc) regressive $5,000 $10,000 $15,000 Taxes Paid Brenda $1,000 $5,000 $10,000 tax system. Caitlyn $1,000 $10,000 $30,000
5

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