The following data represent a personal income tax schedule. Answer the next question on the basis of this information.Taxable IncomeTotal Tax$15,000$1,50030,0003,50060,0009,000120,00025,000As income increases, the average tax rate
A. decreases.
B. increases.
C. remains constant.
D. has no definite pattern.
Answer: B
Economics
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Recently, two construction industry unions also left the AFL-CIO and joined with ironworkers and bricklayers unions to form
A) the National Brotherhood of Teamsters. B) the National Construction Alliance. C) the American Federation of Workers. D) Change to Win.
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If the interest rate is 10 percent per year, and you have $100,000 now, which of the following is closest to what your $100,000 will be worth in one year?
A) $105,000 B) $110,000 C) $100,000 D) $102,000
Economics