menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    The Economy Today
  4. Exam
    Exam 4: The Role of Government
  5. Question
    Suppose That If Your Income Is $50,000,your Tax Is $5,000,but
Solved

Suppose That If Your Income Is $50,000,your Tax Is $5,000,but

Question 42

Question 42

Multiple Choice

Suppose that if your income is $50,000,your tax is $5,000,but if your income is $100,000,your tax is $8,000.Such a tax is


A) Regressive.
B) Progressive.
C) Proportional.
D) An excise tax.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q37: Social demand equals market demand plus externalities

Q38: One In the News article titled "Perceptions

Q39: Government intervention that fails to improve economic

Q40: As long as a public sector activity

Q41: Cities and other local governments receive most

Q43: Public goods are any goods provided by

Q44: Public choice theory emphasizes the role of

Q45: When external costs result from the production

Q46: Which of the following is an example

Q47: Firms in Colorado dump waste into the

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines