Suppose Ms

question 88

Multiple Choice

Suppose Ms.Sanchez has a total income of $200,000,has a taxable income of $120,000,and pays $40,000 in taxes.Considering the information,what is Ms.Sanchez's effective tax rate?

• A)25.0 percent.
• B)20.0 percent.
• C)33.3 percent.
• D)60.0 percent.

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Definitions:

Altruism

Behavior intended to help others out of inner concern and without expectation of external reward; may involve self-denial or self-sacrifice.

Conscientious

A personality trait characterized by being thorough, careful, or vigilant; implies a desire to do a task well.

Risk Taker

An individual who is willing to engage in behaviors that have the potential for significant loss or gain.

Leads

Information or tips that guide or prompt action, especially in news, investigations, or sales.