John Gates made $25,000 last year and paid taxes on this income of $2,500.Jane Smith made $30,000 last year and paid taxes on this income of $3,000.What type of tax is the government using?
A) proposed taxes
B) progressive taxes
C) proportional taxes
D) regressive taxes
E) impossible to calculate with the information provided
Correct Answer:
Verified
Q19: When the Federal Reserve notifies banks that
Q20: Which of the following is not an
Q21: You read an article in the paper
Q25: Which of the following is an example
Q26: Which of the following is an example
Q27: There are several markets in the United
Q28: Changing the supply of money to expand
Q29: A local computer manufacturer hires an additional
Q37: The users of funds in the United
Q51: Jane just graduated from college with a
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