Which of the following is the defining feature of a progressive income tax system? choose one: a. the marginal tax rate is constant across income levels. b. the marginal tax rate is low at low income levels and gets progressively higher as income levels increase. c. the marginal tax rate is low at low income levels and gets progressively higher up to a point. at very high income levels, the marginal tax rate falls. d. all individuals pay the same amount of taxes. e. the marginal tax rate is high at low income

Mesa company produces wooden rocking chairs. the company has two production departments, cutting and assembly. the wood is cut and sanded in cutting and then transferred to assembly to be assembled and painted. from assembly, the chairs are transferred to finished goods inventory and then are sold.mesa has compiled the following information for the month of february: cutting department assemblydepartmentdirect materials $ 73,000 $ 13,000direct labor 73,000 108,000applied manufacturing overhead 159,000 171,000cost of goods completed and transferred out 233,000 255,000required: 1, 2, 3, & 4. prepare journal entries for the transactions in the cutting and assembly departments of mesa company. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)