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Table 18-3 Table 18-3 Contains Data on Household Spending at Spending

question 89

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Table 18-3
Table 18-3    Table 18-3 contains data on household spending at different income levels.Suppose that a 3 percent tax is levied on all consumption spending. -Refer to Table 18-3.Calculate the percent of income paid in taxes by a family with $20,000 income and by a family with $24,000 income. A) The family with a $20,000 income pays 2.7 percent of its income in consumption taxes and the family with a $24,000 income pays 2.6 percent of its income in consumption taxes. B) Each family pays 3 percent of their respective incomes in consumption taxes. C) The family with a $20,000 income pays 15 percent of its income in consumption taxes and the family with a $24,000 income pays 33.3 percent of its income in consumption taxes. D) There is insufficient information to make these calculations. Table 18-3 contains data on household spending at different income levels.Suppose that a 3 percent tax is levied on all consumption spending.
-Refer to Table 18-3.Calculate the percent of income paid in taxes by a family with $20,000 income and by a family with $24,000 income.


Definitions:

Apical Pulse

The heartbeat as heard with a stethoscope placed on the chest wall at the apex of the heart.

Carotid Bruits

Abnormal sounds heard over the carotid arteries typically due to turbulent blood flow indicating arterial narrowing or disease.

Jugular Veins

Veins located on both sides of the neck that return blood from the head to the heart.

Palpation

The technique of examining parts of the body by touching and feeling, used by healthcare professionals to diagnose diseases or conditions.

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