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Author Question: Suppose taxes are levied in the following way: All individuals pay a tax equal to $2000 no matter ... (Read 99 times)

desireelg_7

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on: Oct 12, 2022

Question 1

A tax that takes a higher percentage of income as income rises is called a(n)
◦ value-added tax.
◦ excise tax.
◦ proportional tax.
◦ regressive tax.
◦ progressive tax.

Question 2

Suppose taxes are levied in the following way: All individuals pay a tax equal to $2000 no matter what income they earn; in addition, all individuals pay 20% of all their earned income in taxes. This income-tax system is
◦ progressive.
◦ an accurate description of the Canadian system.
◦ indexed.
◦ regressive.
◦ proportional.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by desireelg_7 on Oct 12, 2022

lola.jashay

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Reply #1 on: Oct 12, 2022
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.
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desireelg_7

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

sultana.d

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Reply 3 on: Yesterday
Excellent

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