If Luis makes $50,000 per year as a computer programmer and pays $6,000 in taxes while Hector makes $50,000 per year as a roofing contractor and pays $7,000 in taxes,this is an example of
A) A regressive tax system.
B) Horizontal inequity.
C) A flat tax.
D) Vertical inequity.
Correct Answer:
Verified
Q64: Suppose a taxpayer has an income of
Q65: Suppose Ms.Sanchez has a total income of
Q66: Suppose Ms.Sanchez has a total income of
Q67: Compute the tax rates for the
Q68: Suppose Mr.Lee has total income of $120,000,has
Q70: Suppose a taxpayer has an income of
Q71: If a tax system has no deductions,exemptions,or
Q72: The taxation principle that says people with
Q73: Suppose a taxpayer has an income of
Q74: Horizontal equity can be determined by comparing
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