A Marginal Tax Rate of 47% on Taxable Income Over

question 32

Multiple Choice

A marginal tax rate of 47% on taxable income over $150 000 implies that

• A)an individual with this taxable income would pay $70 000 in income tax.
• B)the average tax rate is also 47%.
• C)the income tax payable on any dollar earned above $150 000 is 47 cents.
• D)the tax system is progressive.
• E)the tax system is horizontally equitable.

---

Definitions:

Kaposi's Sarcoma

A type of cancer that causes patches of abnormal tissue to grow under the skin, in the lining of the mouth, nose, throat, or other organs.

HIV Infection

A disease caused by the human immunodeficiency virus, which attacks and weakens the immune system, potentially leading to AIDS.

Physical Activity

Any bodily movement produced by skeletal muscles that requires energy expenditure, contributing to improved health and fitness.

Breast Cancer

A malignant tumor that develops from breast cells, one of the most common cancers affecting women worldwide.