If an accountant makes $80,000 and after deductions pays $8,000 in taxes while an administrative assistant makes $35,000 and after deductions pays $2,000 in taxes,this is an example of

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Quizplus · Accepted Answer

Vertical equity refers to the idea that individuals with higher incomes should pay more in taxes than those with lower incomes. In this scenario, the accountant's higher income results in paying a higher amount of taxes, while the administrative assistant's lower income results in paying a lower amount of taxes. Therefore, it is an example of vertical equity.

If an Accountant Makes $80,000 and After Deductions Pays $8,000