Song earns 100000 taxable income as an interior designer

Reference no: EM13602425

Song earns $100,000 taxable income as an interior designer and is taxed at an average rate of 20% (i.e., $20,000 of tax).If Congress increases the income tax rate such that Song's average tax rate increases from 20% to 25%, how much more income tax will she pay assuming that the income effect is descriptive?

Reference no: EM13602425

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