Jurisdiction M imposes an individual income tax based on the following schedule. $\begin{array}{rr}\text { Rate }&\text { Income bracket }\
58 & \$-0-\text { to } \$ 50,000 \
+88 & \$ 50,001 \text { to } \$ 200,000 \
+128 & \$ 200,001 \text { and above }
\end{array}$ Which type of rate structure does this tax use?

Question

Quizplus · Accepted Answer

The tax rate increases as income increases, which is characteristic of a progressive tax structure.

Jurisdiction M Imposes an Individual Income Tax Based on the Following