31. A tax that requires a higher-income person to pay a higher percentage of his

Question

31. A tax that requires a higher-income person to pay a higher percentage of his or her income in taxes is called a _ tax. (Points : 1) progressive .regressive proportional marginal 32. Judy Hays wants to give $3,200 to the building fund at her local church. Assuming Judy can itemize her deductions, how much will this contribution save her on her federal income taxes if she is in the 28 percent marginal tax bracket? (Points : 1) $3,200 $896 $2,624 0 33. John and Kay are in the 33 percent marginal income tax bracket and are subject to the 7.65 percent Social Security tax. If Kay gets a $750 bonus, approximately what percent of this bonus would she get to keep? (Points : 1) 33 percent 67 percent 59 percent 100 percent

Explanation / Answer

31. Progressive

32. $ 896

33. 59 %

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