Exhibit 12-3 Income for Two Persons in Exhibit 12-3

Exhibit 12-3 Income for two persons In Exhibit 12-3, if the income tax system is currently progressive, we know that:

A) Meredith has a larger tax bill than Hillary, although they pay the same tax rate.
B) Hillary has a larger tax bill than Meredith, although they pay the same tax rate.
C) Meredith has a larger tax bill than Hillary and pays a higher tax rate.
D) Hillary has a larger tax bill than Meredith and pays a higher tax rate.
E) Meredith's and Hillary's tax bills are equal.