Table 12-8 -Refer to Table 12-8.If the Government Imposes a $2,000 Lump-Sum

question 18

Multiple Choice

Table 12-8

-Refer to Table 12-8.If the government imposes a $2,000 lump-sum tax,the average tax rate for Marcia and Charles would be

• A) 5 percent and 6.7 percent, respectively.
• B) 8 percent and 6 percent, respectively.
• C) 12 percent and 9 percent, respectively.
• D) 13 percent and 10 percent, respectively.

---

Definitions:

Role Models

Individuals admired for their ways of living or success, who influence others by setting good examples.

Arrogance

Characterized by or revealing an exaggerated sense of one’s own importance or abilities.

Self-Selected Stakeholder

A person who chooses themselves to have an interest or investment in an initiative or project without being appointed or elected.

Mentor

An experienced and trusted advisor who provides guidance, knowledge, and support to less experienced individuals or startups.