Exhibit 16-3 Income for Two Persons In Exhibit 16-3, If the Income Tax System Is Currently

Multiple Choice

Exhibit 16-3 Income for two persons $$\begin{array} { | l | r | } \hline \text { Name } & \text { Income } \\\hline \text { Meredith } & \$ 124,000 \\\text { Hillary } & \$ 45,000 \\\hline\end{array}$$ In Exhibit 16-3, if the income tax system is currently proportional, we know that:

A) Meredith would probably prefer a progressive income tax system while Hillary would probably prefer a regressive income tax system.
B) Meredith and Hillary would both probably prefer a regressive income tax system.
C) Meredith and Hillary would both probably prefer a progressive income tax system.
D) Meredith would probably prefer a regressive income tax system while Hillary would probably prefer a progressive income tax system.