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Joe Earns $100,000 Per Year

Question 105

Multiple Choice

Joe earns $100,000 per year.He pays a tax rate of 28 percent on the first $60,000 of income and a tax rate of 15 percent on income above $60,000.This tax system is an example of a ________ income tax.


A) progressive
B) proportional
C) regressive
D) flat
E) Both B and D are correct.

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