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

Author Question: A tax collects 3,000 per year from a family with an income of 25,000 and takes 4,000 per year from a ... (Read 49 times)

Tirant22

  • Hero Member
  • *****
  • Posts: 532
A tax collects 3,000 per year from a family with an income of 25,000 and takes 4,000 per year from a family with an income of 50,000 . This tax plan is
 a. regressive
  b. proportional
  c. progressive
  d. based on the ability-to-pay principle
  e. impossible to determine with the information provided

Question 2

In the following situation the tax system is Taxable income 1,000 3,000 9,000 27,000 Taxes 100 200 400 800
 a. progressive through all levels of income
  b. proportional throughout all levels of income
  c. regressive throughout all levels of income
  d. based on the benefits-received principle
  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

kescobar@64

  • Sr. Member
  • ****
  • Posts: 324
Answer to Question 1

A

Answer to Question 2

C




Tirant22

  • Member
  • Posts: 532
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review


olderstudent

  • Member
  • Posts: 339
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

For a complete list of videos, visit our video library