Refer to the Information Provided in Table 19 -Related to the Economics in Practice on Page 393: Refer

question 56

Multiple Choice

Refer to the information provided in Table 19.8 below to answer the question(s) that follow.
Table 19.8
$$\begin{array} { | c | c | } \hline \text { Total Income } & \text { Total Taxes } \\\hline \$ 20,000 & \$ 2,000 \\\hline 40,000 & 4,800 \\\hline 60,000 & 9,000 \\\hline 80,000 & 16,000 \\\hline\end{array}$$
-Related to the Economics in Practice on page 393: Refer to Table 19.8. If income increases from $60,000 to $80,000, the marginal tax rate is

• A) 5%.
• B) 20%.
• C) 35%.
• D) indeterminate from this information.

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Definitions:

OTC Medication Abuse

The misuse of over-the-counter drugs in a manner not intended by the manufacturing company or doctor’s prescription, often leading to health issues.

Trouble Sleeping

A difficulty in falling or staying asleep, which can affect overall health and quality of life.

B Vitamins

A group of water-soluble vitamins that play important roles in cell metabolism and the formation of red blood cells.

Caffeine

A stimulant compound found in coffee, tea, and various other plants, known for enhancing alertness and reducing feelings of fatigue.