For a person earning $75,000, the marginal tax amount from 10,001 to $15,000 is:

In 2009, the lowest quintile of income earners paid about

a. 1 percent of income as taxes and paid less than 1 percent of all taxes. b. 5 percent of income as taxes and paid less than 1 percent of all taxes. c. 1 percent of income as taxes and paid about 5 percent of all taxes. d. 5 percent of income as taxes and paid about 5 percent of all taxes.

A commercial bank has checkable-deposit liabilities of $500,000, reserves of $150,000, and a required reserve ratio of 20 percent. The amount by which a single commercial bank and the amount by which the banking system can increase loans are respectively:

A. $30,000 and $150,000 B. $50,000 and $250,000 C. $50,000 and $500,000 D. $100,000 and $500,000