Mathematics, 22.05.2020 08:02, abcrakira

7. Compare the tax paid by someone who cams $74,199 to that paid by someone who carns
574,200.
8. Sketch the graph of Tax Paid vs. Taxable income for the first two income brackets.
Complete the table and plot the points to form the graph.
Tax Paid
Taxable
Tax Pald
Income
SO
5 3,000
$ 6,000
S 7,549
5 7.550
59,000
S 12.000
S 15.000
5 18,000
$ 21,000
$ 24,000
5 30,649
5 30,650
Taxable income

9. Use the results from #7 and #8 to explain why this tax plan is open to criticism and debate.

10. Explain how the tax rate (percentage) is related to the graph above,

Answers: 1

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7. Compare the tax paid by someone who cams $74,199 to that paid by someone who carns
574,200....