Multiple Choice
If a tax system is progressive, then
A) the average and the marginal tax rates are equal.
B) the marginal tax rate is greater than the average tax rate as income rises.
C) the marginal tax rate is lower than the average tax rate as income rises.
D) the average tax rate is constant, but the dollar amount paid in taxes increases as income increases.
Correct Answer:
Verified
Correct Answer:
Verified
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