Explanation As there is a regressive income tax charging system, it means the tax rate increases as the taxable income goes up and is segmented in tax brackets that progress to successively higher rates. Now from table shown above for single taxpayers, there is a tax bracket of 10 % for income between $ 0 − $ 9 , 225 , and 15 % for income between $ 9 , 226 − $ 37 , 450 . 10 100 × $ 9 , 225 = $ 922

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ISBN: 9781337652445

Author: Richard N. Aufmann, Joanne Lockwood, Richard D. Nation, Daniel K. Clegg

Publisher: Cengage Learning

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Chapter 9.3, Problem 6EE

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The reason of the figures $922.50 and $5,156.25 that arrived at in the table for single taxpayers.

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Chapter 9.3, Problem 5EE

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Ch. 9.1 - Amy is 140 lb and 58 tall. Calculate Amys BMI....Ch. 9.1 - Roger is 511. How much should he weigh in order to...Ch. 9.1 - Prob. 3EE Ch. 9.1 - Felicia weighs 160 lb and is 57. She would like to...Ch. 9.1 - Finding BMI Using a Nomograph Most medical...Ch. 9.1 - Prob. 1ES Ch. 9.1 - Prob. 2ES Ch. 9.1 - Explain how to check the solution of an equation.Ch. 9.1 - Prob. 4ES Ch. 9.1 - Prob. 5ES

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The reason of the figures $ 922.50 and $ 5 , 156.25 that arrived at in the table for single taxpayers.

Solution Summary: The author explains that there is a regressive income tax charging system that means the tax rate increases as the taxable income goes up and is segmented in tax brackets that progress to successively higher rates.

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The reason of the figures $922.50 and $5,156.25 that arrived at in the table for single taxpayers.

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