Solved

Scenario: There Are 4 Households in a Locality

Question 37

Multiple Choice

Scenario: There are 4 households in a locality. The annual income of the first household is $20,000, the annual income of the second household is $47,000, the annual income of the third household is $50,000, and the annual income of the fourth household is $71,000.
-Refer to the scenario above.If the income tax rate for the fourth household is higher than the income tax rate for the second household,it can be inferred that the government follows a ________ income tax system.


A) progressive
B) regressive
C) proportional
D) value-added

Correct Answer:

verifed

Verified

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

Related Questions