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Please do Number 3. If you did number 4 and 5 that would be cool too thank youuu!

3. Use this information from 1&2 to fill out the table below. Round to the nearest dollar. Tobue es monynea riat sax system Progressive Tax Rate In a progressive tax system, households with lower incomes are taxed at a lower percent rate, and households with higher incomes are taxed at a higher percent rate. For simplicity, we're going to assume that a household is taxed at the same rate on all of their income (which is not always the case in the real world). 3. Set progressive tax rates that you consider "fair" for each income group. There is no single right answer here - just make sure you bring in enough money but not too much! Table 26 Progressive 1ax Pson Make sure the tax collected column totals to $800,000. A little over is okay, but not under. 4. Suppose that there was 1 household in the above scenario with an income of $1,000,000,000. If you taxed that household at 35%, how much tax would that generate? What would be their income after taxes? What would this mean for the tax rates of the other households? 5. Given that the household scenario in this activity is somewhat representative of the U.S. taxpayers as a whole, what do you see as some of the practical implications of this knowledge? (For example, one thing you might consider is that if we taxed the wealthy at a higher rate, then...) Attach an additional sheet if needed

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