A personal income tax that takes 5% of incomes under $50,000, 15% of incomes between $50,000 and $100,000, and 25% of incomes over $100,000 is an example of:
A) an excise tax.
B) a regressive tax.
C) a progressive tax.
D) a proportional tax.
Correct Answer:
Verified
Q23: State and local government revenues:
A) are roughly
Q24: A progressive tax is one:
A) where the
Q25: For which of the following taxes is
Q26: A tax where the percentage of income
Q27: A regressive tax is:
A) unconstitutional.
B) based on
Q29: A regressive tax results in lower income
Q30: Karen pays a tax of $300 on
Q31: A city wage tax of one percent
Q32: Which of the following is a regressive
Q33: Which of the following is a proportional
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