If Personal Income Up to and Including $25,000 Is Not

question 209

Multiple Choice

If personal income up to and including $25,000 is not taxed,income of $25,001 to $50,000 is taxed at 10%,and income over $50,000 is taxed at 25%,a family earning $60,000 of income will pay _____ in personal taxes.

• A)$5,000
• B)$8,000
• C)$11,250
• D)$16,000

---

Definitions:

Internet Gambling

Engaging in the act of betting or placing stakes on games of chance via the internet.

Tax Revenue

The income that is gained by governments through taxation, which is used to fund public services and government obligations.

Organized Crime

Crime committed by structured groups typically involving the provision of illegal goods and services.

Internet Gambling

Placing bets or wagers on games of chance or skill, typically using the internet or other forms of digital communication.