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Jonathan income increases

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Reference no: EM132263036

Suppose a flat tax plan allows individuals to deduct a standard allowance of $25,000 from their wages and the flat tax rate is 12 percent. If Jonathan's income increases to $100,000 a year, he would have to pay:

  • $1,200 to the government.
  • $9,000 to the government.
  • $6,000 to the government.
  • $8,000 to the government.
  • $3,000 to the government.

Reference no: EM132263036

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