4.7) Consider a national income tax that is structured as follows: Income Marginal tax rate $0-$10,000 0%   $10,001-- $60,000 5%   $60,001and above 0%   For each of the following workers determine his or her marginal and average tax rate. a. A part-time worker with an annual income of $9,000. b. A retail sales person with an annual income of $45,000. c. An advertising executive with an annual income of $600,000

Question
4.7) Consider a national income tax that is structured as follows:
Income
Marginal tax
rate
$0-$10,000
0%
 
$10,001--
$60,000
5%
 
$60,001and
above
0%
 
For each of the following workers determine his or her marginal and average tax rate.
a.
A part-time worker with an annual income of $9,000.
b.
A retail sales person with an annual income of $45,000.
c.
An advertising executive with an annual income of $600,000

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