This topic contains a solution. Click here to go to the answer

Author Question: In the following situation, the tax system is Taxable income 1,000 2,000 4,000 8,000 Tax payments 10 ... (Read 18 times)

iveyjurea

  • Hero Member
  • *****
  • Posts: 555
In the following situation, the tax system is Taxable income 1,000 2,000 4,000 8,000 Tax payments 10 30 90 270
 a. progressive throughout all levels of income
  b. progressive between 1,000 and 2,000 of income but regressive above 2,000
  c. regressive throughout all levels of income
  d. regressive between 1,000 and 2,000 of income but progressive above 2,000
  e. proportional throughout all levels of income

Question 2

Chris had a before-tax income of 20,000 and paid taxes of 3,000 . Pat had a before-tax income of 10,000 and paid taxes of 1,000 . Based on this information, which of the following is correct?
 a. the tax system is regressive
  b. the tax system is proportional
  c. the tax system is progressive
  d. the tax system is based on the benefits received
  e. there is insufficient information to answer the question



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

asdfasdf

  • Sr. Member
  • ****
  • Posts: 339
Answer to Question 1

A

Answer to Question 2

C




iveyjurea

  • Member
  • Posts: 555
Reply 2 on: Jul 1, 2018
:D TYSM


miss.ashley

  • Member
  • Posts: 371
Reply 3 on: Yesterday
Excellent

 

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

For a complete list of videos, visit our video library