Bert Faces a Progressive Tax Structure That Has the Following

question 179

Multiple Choice

Bert faces a progressive tax structure that has the following marginal tax rates: 0 percent on the first $10,000, 10 percent on the next $10,000, 15 percent on the next $10,000, 25 percent on the next $10,000, and 50 percent on all additional income. If Bert earns $75,000, what is his average tax rate?

• A)20 percent
• B)25 percent
• C)30 percent
• D)36.67 percent

Understand the biological basis of human instinctive behaviors.

Describe the drive-reduction theory and its role in motivating behavior.

Explain the concept of homeostasis and its importance in physiological motivation.

Identify and understand different theories of motivation and their implications.

---

Definitions:

Liability Problem

An issue arising from being legally responsible for something, especially in terms of debts or legal penalties.

Fiduciary Duty

A legal obligation of one party to act in the best interest of another when entrusted with particular responsibilities, common in relationships such as trustee and beneficiary, or agent and principal.

Federal Government

The national government of a federated country, where powers are divided between central federal authorities and various constituent regions or states.

Principle of Ratification

The acceptance and confirmation by a principal of an act performed on their behalf by another, who didn't have the authority to act in the first place.