If a person is taxed $100 on an income of $1,000, taxed $220 on an income of $2,000, and taxed $390 on an income of $3,000, this person is paying a(n):

Name: If a person is taxed $100 on an income of $1,000, taxed $220 on an income of $2,000, and taxed $390 on an income of $3,000, this person is paying a(n):
Brand: Quizplus
Rating: 4.9 (48 reviews)

Question

Quizplus · Accepted Answer

The tax rate increases as the income increases, indicating a progressive tax system where the tax rate rises with higher income levels.

If a Person Is Taxed $100 on an Income of $1,000