A family making $30,000 pays $4,500 in taxes and a family making $40,000 pays $6,500 in taxes.The tax system is
A) progressive.
B) proportional.
C) regressive.
D) flat-rate.
Correct Answer:
Verified
Q91: A family making $30,000 pays $4,500 in
Q92: A capital gain is defined as
A)the tax
Q93: Suppose you purchased 100 shares of stock
Q94: Assume that a family making $20,000 pays
Q95: Dividends are paid to shareholders out of
Q97: A family making $30,000 pays $4,500 in
Q98: Suppose you purchased 100 shares of stock
Q99: If the marginal tax rate is less
Q100: Suppose you purchased 100 shares of stock
Q101: The corporate income tax in Canada
A)excludes dividends
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