Asked by
Yitzchok Weinberg
on Oct 13, 2024Verified
Ms.Rockefeller has an income of $200 million.If her income is in the form of wages and salary,then most of her income is taxed at __________ percent.
A) 15 percent
B) 27 percent
C) 30 percent
D) 35 percent
E) 38.6 percent
Wages and Salary
Compensation received by employees for their labor, typically paid as hourly wages or annual salaries.
Taxed
Taxed refers to the imposition of financial charges or other levies upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.
Percent
A way to express a number as a part of 100, often used to describe proportions and changes in financial and statistical data.
- Acquire insight into the generators of state revenue and how fiscal strategies influence distinct segments of income earners.
Verified Answer
MC
Learning Objectives
- Acquire insight into the generators of state revenue and how fiscal strategies influence distinct segments of income earners.