A tax that requires those with low incomes to pay a smaller percentage of their income than high-income earners is a:
A) proportional tax.
B) progressive tax.
C) regressive tax.
D) flat tax.
Correct Answer:
Verified
Q106: A regressive tax:
A)takes the same percentage from
Q107: A proportional tax:
A)takes the same percentage from
Q108: Suppose Bob earns $20,000 per year and
Q109: A progressive tax:
A)takes the same percentage from
Q110: Suppose Jayden earns $80,000 per year and
Q112: A tax that is levied in such
Q113: A tax that takes the same percentage
Q114: A lump-sum tax:
A)takes the same percentage from
Q115: Suppose Bob earns $20,000 per year and
Q116: 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