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Author Question: In the following situation, the tax system is Taxable income 1,000 2,000 4,000 8,000 Tax payments 10 ... (Read 65 times)

iveyjurea

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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



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asdfasdf

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Answer to Question 1

A

Answer to Question 2

C




iveyjurea

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it


gcook

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Reply 3 on: Yesterday
:D TYSM

 

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