Refer to the Information Provided in Table 19 -Relating to the Economics in Practice on Page 392: Refer

question 18

Multiple Choice

Refer to the information provided in Table 19.1 below to answer the questions that follow.
Table 19.1
$$\begin{array} { | c | c | } \hline \text { Total Income } & \text { Total Taxes } \\\hline \$ 10,000 & \$ 1,000 \\\hline 20,000 & 2,400 \\\hline 30,000 & 4,500 \\\hline 40,000 & 8,000 \\\hline\end{array}$$
-Relating to the Economics in Practice on page 392: Refer to Table 19.1. At an income level of $20,000, the average tax rate is

• A) 1.2%.
• B) 8.3%.
• C) 12%.
• D) 24%.

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Definitions:

Blind Spots

Areas in which a person's view is obstructed, or in a broader sense, areas of knowledge or understanding that are lacking or not perceived.

Macular Degeneration

A progressive eye condition affecting the macula of the retina, leading to loss of central vision.

Cataracts

A clouding of the lens in the eye, leading to a decrease in vision.

Glaucoma

A group of eye conditions that damage the optic nerve, crucial for vision, often due to abnormally high pressure in the eye.