Song earns $105,000 taxable income as an interior designer andis taxed at an average rate of 25…

Song earns $105,000 taxable income as an interior designer andis taxed at an average rate of 25 percent (i.e., $26,250 of tax).a. If Congress increases the income tax rate such that Song’saverage tax rate increases from 25 percent to 35 percent, how muchmore income tax will she pay assuming that the income effect isdescriptive?

 

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