Solved

Subira Earns $125,000 a Year and Pays $20,000 in a Certain

Question 180

Multiple Choice

Subira earns $125,000 a year and pays $20,000 in a certain tax. Qamar earns $75,000 a year and pays $15,000 in the same tax. We can conclude that this is a _____ tax.


A) flat
B) lump-sum
C) progressive
D) regressive

Correct Answer:

verifed

Verified

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

Related Questions

Q175: If a product's price rises by 6%

Q176: In the short run, producers have the

Q177: Using the midpoint method, the price elasticity

Q178: Demand for which of the following would

Q179: The elasticity value of a perfectly elastic

Q181: If the price elasticity of demand is

Q182: A horizontal demand curve has a price

Q183: If the supply of a good is

Q184: If the price elasticity of demand is

Q185: If the demand for bread is inelastic,