Suppose an income tax is imposed that takes $2,000 from someone with an income of $20,000,$2,500 from someone with an income of $30,000,and $4,000 from someone with an income of $80,000.This tax would be classified as
A) proportional.
B) regressive.
C) progressive.
D) a flat tax.
Correct Answer:
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Q24: The possible increase in rent-seeking behavior is
Q25: The effective tax rate is the
A) share
Q26: The federal income tax in the United
Q27: The Social Security and Medicare taxes in
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Q30: People tend to earn higher incomes as
Q31: Compared to 1981,the year Ronald Reagan took
Q32: Suppose an income tax is imposed that
Q33: An income tax is progressive if
A) lower-income
Q34: Discrimination in the workplace results when
A) people
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