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  2. Topic
    Business
  3. Study Set
    Fundamentals of Taxation
  4. Exam
    Exam 1: Introduction to Taxation, the Income Tax Formula, and Form 1040ez
  5. Question
    Jake Earned $15,000 and Paid $1,500 of Income Tax, While
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Jake Earned $15,000 and Paid $1,500 of Income Tax, While

Question 44

Question 44

Multiple Choice

Jake earned $15,000 and paid $1,500 of income tax, while Jill earned $40,000 and paid $3,000 of income tax. The structure of the tax their income is subject to is:


A) Progressive.
B) Proportional.
C) Regressive.
D) Flat.

Correct Answer:

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