The table below shows labor income for four individuals and the amount each has paid in income taxes. Labor Income, Tax Paid, and Average Tax Rate Individual        Labor Income (dollars)    Tax Paid (dollars)    Average Tax Rate (percent) Samantha               $45,000                              $3,600                         ________% Charles                       65,000                                6,500                          ________% Amanda                    82,000                              13,120                          ________% Young                      110,000                           119,800                          ________%   Instructions: Enter your answers as a whole number. Complete the table above by calculating the average tax rate paid by each individual. Is the income tax depicted here progressive, regressive, or proportional?   ____ The income tax is progressive. ____ The income tax is proportional. ____ The income tax is regressive.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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The table below shows labor income for four individuals and the amount each has paid in income taxes.

Labor Income, Tax Paid, and Average Tax Rate

Individual        Labor Income (dollars)    Tax Paid (dollars)    Average Tax Rate (percent)

Samantha               $45,000                              $3,600                         ________%

Charles                       65,000                                6,500                          ________%

Amanda                    82,000                              13,120                          ________%

Young                      110,000                           119,800                          ________%

 

Instructions: Enter your answers as a whole number.

  1. Complete the table above by calculating the average tax rate paid by each individual.
  2. Is the income tax depicted here progressive, regressive, or proportional?

 

____ The income tax is progressive.

____ The income tax is proportional.

____ The income tax is regressive.

 

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The table below shows labor income for four individuals and the amount each has pa
Labor Income, Tax Paid, and Average Tax Rate
Labor Income
Individual
Samantha
Charles
Amanda
Young
(dollars)
$40,000
60,000
84,000
105,000
O The income tax is progressive.
The income tax is regressive.
The income tav ic proportional
< Prev
Tax Paid
(dollars)
$4,000
8,400
11,760
16,800
--
Average Tax Rate
(percent)
Instructions: Enter your answers as a whole number.
a. Complete the table above by calculating the average tax rate paid by each individ
b. Is the income tax depicted here progressive, regressive, or proportional?
11 of 15
%
%
%
%
Next >
Transcribed Image Text:S The table below shows labor income for four individuals and the amount each has pa Labor Income, Tax Paid, and Average Tax Rate Labor Income Individual Samantha Charles Amanda Young (dollars) $40,000 60,000 84,000 105,000 O The income tax is progressive. The income tax is regressive. The income tav ic proportional < Prev Tax Paid (dollars) $4,000 8,400 11,760 16,800 -- Average Tax Rate (percent) Instructions: Enter your answers as a whole number. a. Complete the table above by calculating the average tax rate paid by each individ b. Is the income tax depicted here progressive, regressive, or proportional? 11 of 15 % % % % Next >
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