Assume you pay a tax of $4,000 on a taxable income of $24,000. If your taxable income were $30,000, your tax payment would be $5,000. This suggests that the tax is

Name: Assume you pay a tax of $4,000 on a taxable income of $24,000. If your taxable income were $30,000, your tax payment would be $5,000. This suggests that the tax is
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The tax rate remains constant as the income increases from $24,000 to $30,000, indicating a proportional tax system.

Assume You Pay a Tax of $4,000 on a Taxable