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Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
Edition 4ISBN: 978-0078110993Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
Edition 4ISBN: 978-0078110993 Exercise 2
A tax rate that decreases as the tax base increases is an example of what kind of tax rate structure? a. Progressive.
B) Proportional.
C) Regressive.
D) Recessive.
B) Proportional.
C) Regressive.
D) Recessive.
Explanation
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Tax: The tax is a charge of levied by the government on a product or activity. The usual sign of tax individuals believe is that a tax forced by the government to satisfy its essential commitments on the use front.
Tax rate: A tax rate is a value at which a person or organization debited. A progressive tax measure system, in which the range of tax charged gains as the measure of the individual or elements assessable income increments is operating by the United States.
A progressive tax is a kind of price structure in which tax prices become high due to the increase of the tax base. The progressive tax structure is preferred by more equally due to the amount of tax paid differs and able to pay.
Hence, option (a) is an incorrect answer.
A proportional tax is a tax is applying so the tax rate selected without changing as the tax base amount increases or decreases.
Hence, option (b) is an incorrect answer.
Recessive: A condition that shows up just in people who receive two duplicates of a mutant gene one copy from each parent.
Hence, option (d) is an incorrect answer.
A regressive tax rate defines as the tax rate decreases as the tax base get high. A regressive tax is an expense applied consistently, taking a bigger pay from low-pay workers than from high-salary workers.
Hence, option (c) is the correct answer.
Tax rate: A tax rate is a value at which a person or organization debited. A progressive tax measure system, in which the range of tax charged gains as the measure of the individual or elements assessable income increments is operating by the United States.
A progressive tax is a kind of price structure in which tax prices become high due to the increase of the tax base. The progressive tax structure is preferred by more equally due to the amount of tax paid differs and able to pay.
Hence, option (a) is an incorrect answer.
A proportional tax is a tax is applying so the tax rate selected without changing as the tax base amount increases or decreases.
Hence, option (b) is an incorrect answer.
Recessive: A condition that shows up just in people who receive two duplicates of a mutant gene one copy from each parent.
Hence, option (d) is an incorrect answer.
A regressive tax rate defines as the tax rate decreases as the tax base get high. A regressive tax is an expense applied consistently, taking a bigger pay from low-pay workers than from high-salary workers.
Hence, option (c) is the correct answer.
Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
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