Based on the data, answer the questions.EarnerSallyPatWhat is Sally's tax rate?38%33%O 28%24%Annual income amount$94551.00$304557.00What is Pat's tax rate?0000O 22%31%33%24%Income tax amount$31201.83$73093.68

The formula that we use to calculate the tax rate is: Tax Rate = Amount of Tax PaidTotal Income x…

Based on the data, answer the questions. Earner Sally Pat What is Sally's tax rate? 38% 33% 28% O 24% Annual income amount $94551.00 $304557.00 What is Pat's tax rate? 22% 31% 33% O 24% Income tax amount $31201.83 $73093.68

Based on the data, answer the questions. Earner Sally Pat What is Sally's tax rate? 38% 33% 28% O 24% Annual income amount $94551.00 $304557.00 What is Pat's tax rate? 22% 31% 33% O 24% Income tax amount $31201.83 $73093.68

Microeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter15: Income Inequality And Poverty

Section: Chapter Questions

Problem 7CQ

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