Which of the following schedules represent(s)a progressive tax? ${~~~~~~~~~ \text { Table I } } ~~~~~~~~~~~~~~~~~ { \text { Table II } } ~~~ ~~~~~~~~~~~~{ \text { Table III } } \
\begin{array} { c c c c c r }
\text { Income } & \text { Tax } & \text { Income } & \text { Tax } & \text { Income } & \text { Tax } \
100 & 5 & 100 & 30 & 100 & 10 \
200 & 20 & 200 & 35 & 200 & 30 \
300 & 40 & 300 & 35 & 300 & 60 \
400 & 65 & 400 & 40 & 400 & 100
\end{array}$

Question

Which of the following schedules represent(s)a progressive tax? ${~~~~~~~~~ \text { Table I } } ~~~~~~~~~~~~~~~~~ { \text { Table II } } ~~~ ~~~~~~~~~~~~{ \text { Table III } } \
\begin{array} { c c c c c r } 
\text { Income } & \text { Tax } & \text { Income } & \text { Tax } & \text { Income } & \text { Tax } \
100 & 5 & 100 & 30 & 100 & 10 \
200 & 20 & 200 & 35 & 200 & 30 \
300 & 40 & 300 & 35 & 300 & 60 \
400 & 65 & 400 & 40 & 400 & 100
\end{array}$

Quizplus · Accepted Answer

A progressive tax is characterized by an increasing tax rate as the income increases. Both Table I and Table III show tax amounts that increase at a higher rate as income increases, which is indicative of a progressive tax system.

Which of the Following Schedules Represent(s)a Progressive Tax A)I and III B)I C)II D)I and II E)III

Which of the Following Schedules Represent(s)a Progressive Tax A)I and III
B)I
C)II
D)I and II
E)III