If tax rates are 10% on income up to $10,000, 20% for income between $10,001 and $20,000, and 30% for income over $20,000, then the income tax system is:
A) progressive.
B) proportional.
C) flat.
D) regressive.
Correct Answer:
Verified
Q112: Households in the bottom 20% of the
Q113: On average, U.S. households with income in
Q114: A tax whose rates remain constant regardless
Q115: The entire U.S. tax system is moderately:
A)
Q116: A _ has higher rates on people
Q118: Nearly 70% of all U.S. federal income
Q119: A tax with lower tax rates applied
Q120: In a regressive tax system, income tax
Q121: The Social Security system is becoming:
A) less
Q122: Which of the following is NOT one
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