A Recent Study of Seventy-Seven Members of Congress Who Were

question 15

Multiple Choice

A recent study of seventy-seven members of Congress who were defeated for reelection or left voluntarily found that more than __________ of them took jobs with firms that lobby.

• A)10 percent
• B)25 percent
• C)40 percent
• D)60 percent
• E)80 percent

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Definitions:

Taxable Income

The portion of an individual's or business's income used to determine how much tax will be owed to the federal government.

Marginal Tax Rate

The percentage of tax applied to an individual's or entity's income for each additional unit of income.

Taxable Income

The amount of income used to calculate how much tax an individual or a company owes to the government in a given tax year.

Progressive Tax

A tax system in which the tax rate increases as the taxable amount increases, typically imposing higher rates on those with higher incomes.