(Table: Taxes,Spending,and Income) Use Table: Taxes,Spending,and Income.Suppose Governor Meridias decides to initiate a state income tax.The first $50,000 of household income is tax-free,while any income above $50,000 is taxed at 10%.The tax rate for a household earning $75,000 is _____%.

A) 10
B) 5
C) 3.3
D) 0

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Yelina Marin · Accepted Answer

Final Answer : C, Explanation :  For a household earning $75,000:- The first $50,000 is tax-free.- The remaining $25,000 is taxed at 10%.- So the tax amount is $2,500 (i.e., 10% of $25,000).- The tax rate is the tax amount as a percentage of the total income, which is $75,000.- Therefore, the tax rate is (2,500 / 75,000) x 100 = 3.33%.

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