Author Question: Flat and Proportional TaxesThe table shows the average tax rate for families with different ... (Read 238 times)

903f23fj0 · **on:** Nov 23, 2022

Question 1

Regressive vs. Progressive Taxation

The table shows the tax liability for various income levels in the country of Dominica.

Annual Income	Tax Liability
$15,000	$6,750
$30,000	$11,400
$45,000	$14,400
$60,000	$17,400
$75,000	$16,500

What kind of tax does this represent?
◦ progressive
◦ proportional
◦ flat
◦ regressive

Question 2

Flat and Proportional Taxes

The table shows the average tax rate for families with different incomes.

Family	Income	Average Tax Rate
Smith	$10,000	6%
Martinez	$50,000	12%
Johnson	$100,000	18%

Suppose the government switches to a proportional tax of 12%. How will this affect government revenues from the tax?
Please round your final answer to two decimal places.
◦ increases revenues by $5,400
◦ decreases revenues by $5,400
◦ decreases revenues by $8,200.00
◦ increases revenues by $8,200.00

koung719 · **Reply #1 on:** Nov 23, 2022

A FREE account is required to view all solutions!

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 49% of students answer this correctly