Which of the following is an example of a progressive tax?
A)Social Security tax
B)federal income tax
C)excise tax
D)payroll tax

Question

Which of the following is an example of a progressive tax?
A)​Social Security tax
B)​federal income tax
C)​excise tax
D)​payroll tax

Quizplus · Accepted Answer

A progressive tax is a tax where the percentage of income paid in taxes increases as income increases. The federal income tax is an example of a progressive tax because higher income earners pay a higher percentage of their income in taxes compared to lower income earners.

Which of the Following Is an Example of a Progressive