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Apply the percentages from the previous table

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Reference no: EM133082150

Now imagine that the income tax was regressive, and the percentage that each person paid was reversed so that the richest people paid the least. Apply the percentages from the previous table in reverse order as follows:

  • Apply the CEO's tax rate to the sales clerk and vice versa
  • Apply the surgeon's tax rate to the cashier and vice versa
  • Apply the sales manager's tax rate to the automotive technician and vice versa

Occupation

Salary

Percentage

Total Tax

Part time sales clerk

$4,500

%

 

Fast-food restaurant cashier

$15,000.00

%

 

Automotive technician

$38,000.00

%

 

Sales manager

$83,000.00

%

 

Surgeon

$200,000.00

%

 

CEO of a large corporation

$750,000.00

%

 

Reference no: EM133082150

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