Taxable Income Tax Liability Average Tax Rate €10,000 €1,200 €20,000 €2,400 €30,000 €3,600 Using the tax liability figures given, compute the average tax rate (that is the proportion of income paid in tax) for an individual with an incom €10,000, €20,000, and €30,000, respectively. Then fill in the last column of the table with these values. The income tax system for this country is
Taxable Income Tax Liability Average Tax Rate €10,000 €1,200 €20,000 €2,400 €30,000 €3,600 Using the tax liability figures given, compute the average tax rate (that is the proportion of income paid in tax) for an individual with an incom €10,000, €20,000, and €30,000, respectively. Then fill in the last column of the table with these values. The income tax system for this country is
Chapter3: Economic Decision Makers
Section: Chapter Questions
Problem 3.10P
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![28. Computing Average Tax Rates
The following table shows the taxable income and tax liability for three single individuals in a certain country. For example, a person with an income
€10,000 has to pay €1,200 in taxes.
Taxable Income
Tax Liability
Average Tax Rate
€10,000
€1,200
€20,000
€2,400
€30,000
€3,600
Using the tax liability figures given, compute the average tax rate (that is the proportion of income paid in tax) for an individual with an income of
€10,000, €20,000, and €30,000, respectively. Then fill in the last column of the table with these values.
The income tax system for this country is](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa68c81a9-cbb3-41e3-9c73-9001cb45954f%2F6b8bfc3e-a5cc-468c-b18e-726ac248ce4e%2Frst7zd2k_processed.jpeg&w=3840&q=75)
Transcribed Image Text:28. Computing Average Tax Rates
The following table shows the taxable income and tax liability for three single individuals in a certain country. For example, a person with an income
€10,000 has to pay €1,200 in taxes.
Taxable Income
Tax Liability
Average Tax Rate
€10,000
€1,200
€20,000
€2,400
€30,000
€3,600
Using the tax liability figures given, compute the average tax rate (that is the proportion of income paid in tax) for an individual with an income of
€10,000, €20,000, and €30,000, respectively. Then fill in the last column of the table with these values.
The income tax system for this country is
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