The tax burden for several individuals is as follows: a person earning $20,000 a year pays a 5 percent tax,a person making $30,000 a year pays a 7 percent tax,and a person earning $40,000 a year pays a 10 percent tax.This particular tax system can best be described as which of the following?
A) Sales tax
B) Regressive tax
C) Proportional tax
D) Progressive tax
E) Recapitalized tax
Correct Answer:
Verified
Q10: A tax deduction is
A)a reduction in taxes
Q11: Which of the following is the single
Q12: If the U.S.government gave a per-head dollar
Q13: Which of the following has NOT put
Q14: Social Security is funded through which of
Q16: Which of the following federal programs is
Q17: The budget category of Income Security includes
A)defense
Q18: Which of the following is an example
Q19: Which of the following statements about the
Q20: Why do economists generally classify sales and
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