Table 12-7 The Following Table Shows the Marginal Tax Rates for Unmarried

question 204

Multiple Choice

Table 12-7
The following table shows the marginal tax rates for unmarried individuals for two years.
-Refer to Table 12-7. For an individual who earned $35,000 in taxable income in both years, which of the following describes the change in the individual's marginal tax rate between the two years?

• A)The marginal tax rate increased from 2009 to 2010.
• B)The marginal tax rate decreased from 2009 to 2010.
• C)The marginal tax rate remained constant from 2009 to 2010.
• D)The change in the marginal tax rate cannot be determined for the two tax schedules shown.

Understand the role of private ownership and market trades in the efficient use and conservation of resources.

Recognize the difference between renewable and non-renewable resources and their management.

Grasp the importance of tradeable property rights in resolving water shortages and ensuring efficient use.

Understand the impact of resource prices on economic decision-making and the economy overall.

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