Knowee
Questions
Features
Study Tools

Which kind of person would pay a higher rate with a progressive tax?A.A person with a low incomeB.A person with a high incomeC.A person with many dependentsD.A person with few dependentsSUBMITarrow_backPREVIOUS

Question

Which kind of person would pay a higher rate with a progressive tax?A.A person with a low incomeB.A person with a high incomeC.A person with many dependentsD.A person with few dependentsSUBMITarrow_backPREVIOUS

🧐 Not the exact question you are looking for?Go ask a question

Solution

B. A person with a high income

Similar Questions

Which of the following best describes a progressive tax system?*1 pointAll taxpayers pay the same percentage of their income as taxHigh-income earners pay a smaller percentage of their income than low-income earnersHigh-income earners pay a larger percentage of their income than low-income earnersThe tax rate decreases as the taxpayer's income increases

If the richest 10% of people pay 30% of income tax, then the taxation system is progressive.A, Definitely yesDefinitely yesB, Absolutely notAbsolutely notC, Not necessarilyNot necessarily

Income tax is a type of _____ tax.A.regressiveB.progressiveC.digressiveD.permissiveSUBMITarrow_backPREVIOUS

Taxation that allows higher-income people to pay less of their income on taxes than lower-income people is called:A.regressive taxation.B.indirect taxation.C.proportional taxation.D.progressive taxation.SUBMITarrow_backPREVIOUS

Suppose the U.S. government levies a tax that requires all people to pay 5% of their income to be used for environmental preservation. What type of tax would this be?Select the correct answer below:ProgressiveProportionalRegressiveNone of the above.

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.