Author Question: Flat and Proportional TaxesThe table shows the average tax rate for families with different ... (Read 248 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

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