The mythical country of Traviola imposes a tax based on the number of gold Tokens each taxpayer owns at the end of each year per the following schedule:

$ \begin{array}{cc}
\hline \text { Number of Tokens } & \text { Tax } \
\hline 0-200 & \$ 100+\$ 5 \text { per Token } \
201-500 & \$ 1,000+\$ 6 \text { per Token } \
500 & \$ 4,000+\$ 7 \text { per Token }\
\hline
\end{array} $
Traviola's Token tax is a

Question

The mythical country of Traviola imposes a tax based on the number of gold Tokens each taxpayer owns at the end of each year per the following schedule:

$ \begin{array}{cc}
\hline  \text { Number of Tokens } & \text { Tax } \
\hline 0-200 & \$ 100+\$ 5 \text { per Token } \
201-500 & \$ 1,000+\$ 6 \text { per Token } \
>500 & \$ 4,000+\$ 7 \text { per Token }\
\hline 
\end{array} $
Traviola's Token tax is a

Quizplus · Accepted Answer

The Traviola Token tax imposes a higher tax rate on taxpayers who own more Tokens, making it a progressive tax. This is because the percentage of income paid in taxes increases as the amount of Tokens owned increases. The tax rate increases from 5% for those who own 0-200 Tokens to 7% for those who own more than 500 Tokens, indicating that those who own more Tokens pay a higher percentage of their income in taxes. Therefore, the Traviola Token tax is a progressive tax.

The Mythical Country of Traviola Imposes a Tax Based on the Number