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

question 8

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. If income increases from $20,000 to $30,000, the marginal tax rate is

• A) 3%.
• B) 15%.
• C) 21%.
• D) indeterminate from this information.

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Definitions:

Deindividuation

A psychological state where individuals lose their self-awareness and sense of individuality in groups, often leading to uncharacteristic behavior.

Publicly Voiced

The act of expressing opinions, ideas, or concerns in a public or open forum.

Insecure

A feeling of uncertainty or lack of confidence in oneself.

Lumbar

Pertaining to the lower region of the back comprised of the five vertebral bones between the ribcage and pelvis.