If Janice earns $50,000 a year and pays $500 in taxes,and Cam earns $100,000 a year and pays $20,000 in taxes,the tax system must be:
A) regressive.
B) progressive.
C) proportional.
D) lump-sum.
Correct Answer:
Verified
Q108: A tax that takes the same percentage
Q109: If Jen earns $80,000 a year and
Q110: One of the basic trade-offs inherent in
Q111: The third largest source of government tax
Q112: An income tax is a tax:
A) charged
Q114: A payroll tax is a tax on
Q115: A tax that is levied in such
Q116: If Janice earns $50,000 a year and
Q117: A capital gains tax is a tax
Q118: In general,the more equitable the incidence of
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