The Following Data Represent a Personal Income Tax Schedule Refer to the Table

question 57

Multiple Choice

The following data represent a personal income tax schedule.Answer the question on the basis of this information. $$\begin{array} { c c } \text { Taxable Income } & \text { Total Tax } \\\hline\$ 0 & \$ 0 \\2,000 & 200 \\4,000 & 600 \\6,000 & 1,200 \\8,000 & 2,000 \\10,000 & 3,000\end{array}$$ Refer to the table.If your taxable income is $8,000,your average tax rate is:

• A) 25 percent and the marginal rate on additional income is also 25 percent.
• B) 25 percent and the marginal rate on additional income is 40 percent.
• C) 25 percent and the marginal rate on additional income cannot be determined from the information given.
• D) 20 percent and the marginal rate on additional income is 30 percent.

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