In Econoland in 2008, People with Incomes Between $20 000

question 51

Multiple Choice

In Econoland in 2008, people with incomes between $20 000 and $30 000 must pay 12% of their income in taxes, and people with incomes between $30 001 and $40 000 must pay 15%.In 2008, the CPI in Econoland equals 1.20 and increases to 1.26 in 2009.If the government of Econoland wants to keep households with a given real income from being pushed up into a higher tax bracket by inflation, the $20 000 to $30 000 bracket will be changed to:

• A)$15 873 to $23 810
• B)$21 000 to $31 500
• C)$24 000 to $37 800
• D)$25 200 to $37 800

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Definitions:

Intelligence

The ability to acquire and apply knowledge and skills, encompassing a range of aptitudes, talents, and skills.

Healthier Environment

A setting or surrounding that promotes well-being and reduces the risk of health problems by minimizing pollutants, hazards, and stressors.

Early Adulthood

The period in a person's life typically ranging from the ages of 20 to 40, where many experience personal and professional growth.

Polygenetic

Involving or determined by multiple genes, often relating to the complex traits and variations in organisms.