For a Person Earning $75000,the Marginal Tax Amount from 40,001

question 111

Multiple Choice

For a person earning $75000,the marginal tax amount from 40,001 to $75000 is:

• A) $5,000
• B) $7,500
• C) $8,750
• D) $14,250

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Definitions:

Economically Independent

Refers to the ability of an individual, organization, or nation to sustain themselves financially without external assistance.

James II

Brother to Charles II, he became the king of England, Scotland, and Ireland, remembered for his attempts to reinstate Catholicism and his subsequent ousting in the Glorious Revolution.

Governor Edmund Andros

A colonial administrator in North America, known for his unpopular governorship in the Dominion of New England, where his actions sparked resistance among the colonists.

Glorious Revolution

The overthrow of King James II of England in 1688 by a union of Parliamentarians and the Dutch stadtholder William III of Orange-Nassau, leading to a constitutional monarchy in England.