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Author Question: Family A earns 20,000 a year, Family B earns 40,000, and Family C earns 100,000. Which of the ... (Read 154 times)

kellyjaisingh

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on: Jul 8, 2018
Family A earns 20,000 a year, Family B earns 40,000, and Family C earns 100,000. Which of the following tax systems can most accurately be described as progressive?
 
  a) Family A pays 5 percent of earnings in tax, Family B pays 8 percent, and Family C pays 12 percent.
  b) All three families pay 10 percent of their earnings in taxes.
  c) Family A pays 10 percent of earnings in taxes, Family B pays 7 percent, and Family C pays 4 percent.
  d) Family A pays 10 percent of earnings in taxes, Family B pays 8 percent, and Family C pays 12 percent.
  e) Allowing each family to decide the appropriate tax rate for their situation.

Question 2

The tax structure in Texas is said to be which of the following?
 
  a) progressive
  b) proportional
  c) marginal
  d) regressive
  e) equitable


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Laurenleakan

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Reply #1 on: Jul 8, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: D


kellyjaisingh

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Reply 2 on: Jul 8, 2018
YES! Correct, THANKS for helping me on my review

olderstudent

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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