QUESTION 13The tax rates embodied in the federal personal income tax are such thata rising absolute amount, but a declining proportion, of income is paid in taxes.the marginal and average tax rates are equal, making the tax progressive.the average tax rate rises more rapidly pan does the marginal tax rate as income rises.the marginal tax rate is higher than the average tax rate, causing the average tax rate to rise as income rises.QUESTION 14

To collect money from people based on their incomes, the federal personal income tax system was…

The tax rates embodied in the federal personal income tax are such that O a rising absolute amount, but a declining proportion, of income is paid in taxes. O the marginal and average tax rates are equal, making the tax progressive. O the average tax rate rises more rapidly pan does the marginal tax rate as income rises. O the marginal tax rate is higher than the average tax rate, causing the average tax rate to rise as income rises.

The tax rates embodied in the federal personal income tax are such that O a rising absolute amount, but a declining proportion, of income is paid in taxes. O the marginal and average tax rates are equal, making the tax progressive. O the average tax rate rises more rapidly pan does the marginal tax rate as income rises. O the marginal tax rate is higher than the average tax rate, causing the average tax rate to rise as income rises.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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