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.
Correct Answer:
Verified
Q47: Vertical equity can be determined by comparing
Q48: Suppose Mr.Lee has total income of $120,000,has
Q49: The taxation principle that says people with
Q50: If a tax system has no deductions,exemptions,or
Q51: The many loopholes present in the federal
Q53: The effective tax rate is
A)Equal to the
Q54: As exemptions are raised and allowable deductions
Q55: Exemptions and deductions included in the tax
Q56: If Alejandra makes $46,000 per year as
Q57: A tax that is designed to be
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