The figure below show a simplified version of the current (2015) Canadian federal income-tax system.The marginal income-tax rates for the four ranges of income are 15%,22%,26%,and 29%,respectively. 
FIGURE 18-2
-Refer to Figure 18-2.This income-tax system can be characterized as
Definitions:
Dispose of Cars
The process of disposing or getting rid of cars that are no longer wanted, which can include selling, recycling, or scrapping them.
Average Variable Costs
The total variable costs (costs that change with production volume) divided by the total output.
Repairs
The process of fixing or restoring something that is broken or damaged to bring it back to a good condition.
Hydraulic Car Smasher
A machine used in scrapyards to crush cars into small, compact pieces using hydraulic power.
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