Multiple Choice
The figure below show a simplified version of the current (2015) Canadian federal income-tax system.The marginal income-tax rates for the four ranges of income are 15%,22%,26%,and 29%,respectively. FIGURE 18-2
-Refer to Figure 18-2.What needs to be true about the four marginal income-tax rates in order for this tax system to be considered regressive?
A) they need to be smaller than they are now
B) they need to be larger than they are now
C) they need to be constant
D) they need to decrease as income increases
E) they need to increase as income increases
Correct Answer:

Verified
Correct Answer:
Verified
Q60: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5441/.jpg" alt=" FIGURE 18-3 -Refer
Q61: A mandatory health-insurance premium of a given
Q62: The goods and services tax (GST)in Canada
Q63: The diagram below shows supply and demand
Q64: The figure below show a simplified version
Q66: A "poverty trap" refers to the situation
Q67: Statistics Canada defines the poverty line as
Q68: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5441/.jpg" alt=" FIGURE 18-1 -Refer
Q69: A tax that takes a higher percentage
Q70: The sometimes proposed "flat tax," such as