If congress increases the income tax rate such that songs

Reference no: EM13591870

Song earns $143,000 taxable income as an interior designer and is taxed at an average rate of 33 percent (i.e., $47,190 of tax).

a. If Congress increases the income tax rate such that Song's average tax rate increases from 33 percent to 38 percent, how much more income tax will she pay assuming that the income effect is descriptive?

Reference no: EM13591870

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