Brianna and Jess must pay an income tax.Both Brianna and Jess pay $1,000 in taxes each year,but Brianna earns $20,000 and Jess earns $10,000.From this information,you can infer that this tax is:
A) progressive.
B) regressive.
C) proportional.
D) equitable.
Correct Answer:
Verified
Q130: _ tax does NOT distort incentives and
Q131: You have to pay a fee every
Q132: Use the following to answer question:
Q133: If a tax system is well designed:
A)it
Q134: A tax system achieves equity when:
A)taxes are
Q136: A tax system achieves efficiency when:
A)the right
Q137: If tax efficiency is the only goal,a
Q138: If a tax system is poorly designed,it
Q139: Suppose an income tax is levied on
Q140: A tax system _ when it minimizes
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents