If you pay $2,000 in taxes on an income of $20,000, and a tax of $3,500 on an income of $30,000, then over this range of income the tax is
A) regressive.
B) proportional.
C) progressive.
D) There is insufficient information to answer the question.
Correct Answer:
Verified
Q95: A marginal tax rate is calculated as
A)total
Q96: A personal exemption refers to
A)the tax rate
Q97: A marginal tax rate is
A)the fraction of
Q98: An average tax rate is calculated as
A)total
Q99: The idea that individuals should be taxed
Q101: In the United States, taxpayers are allowed
Q102: Which of the following is an example
Q103: Which of the following is the largest
Q104: The federal government and some state governments
Q105: Since lower-income people spend a larger proportion
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents