Which of the Following Statements Is Correct for an Individual

question 44

Multiple Choice

Which of the following statements is correct for an individual with a net income of $50,000, a tax liability of $10,704.50, and a 28 percent marginal tax rate?

• A)The average tax rate is 21.41 percent
• B)The average tax rate is 28.00 percent
• C)The average tax rate is unknown, but less than the marginal tax rate
• D)The average tax rate is unknown, but greater than the marginal tax rate

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Definitions:

Physiological Balance

The state of equilibrium in the body's internal environment due to the constant interaction of the body's many regulatory processes.

Homeostasis

The tendency of a biological system to maintain stability while adjusting to conditions that are optimal for survival.

Steady State

A condition where the variables (such as temperature, pressure, and volume in a system) are unchanging over time.

Drive-Reduction Theory

A psychological concept suggesting that motivation arises from biological needs that push organisms to seek homeostasis through reducing drives stemming from those needs.