Paying a tax of $20 on an income of $100, a tax of $15 on an income of $200, and a tax of $12 on an income of $300 is an example of a:
A) flat tax.
B) proportional tax.
C) progressive tax.
D) regressive tax.
Correct Answer:
Verified
Q139: Suppose an income tax is levied on
Q141: If personal income up to and including
Q142: A _ tax takes a larger share
Q143: _ taxes are paid on the purchase
Q149: The government imposes a tax of $1,000
Q150: A tax that rises less than in
Q154: A progressive tax:
A)takes a larger share of
Q156: A tax that takes a _ percentage
Q159: A tax that takes a higher percentage
Q160: A tax of $10 on an income
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