If congress increases the income tax rate such that songs

Reference no: EM13600326

Song earns $133,000 taxable income as an interior designer and is taxed at an average rate of 15 percent (i.e., $19,950 of tax).

a. If Congress increases the income tax rate such that Song's average tax rate increases from 15 percent to 20 percent, how much more income tax will she pay assuming that the income effect is descriptive?

Reference no: EM13600326

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