Business, 17.08.2021 03:50 jaycobgarciavis
Tom earns $33,000 per year. The income tax rate on incomes below $20,000 is 10 percent. The rate on income between $20,001 and $35,000 is 15 percent. Which of the following is true?
a. The income tax is flat.
b. The income tax is regressive.
c. Tom's marginal income tax rate is 15 percent.
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