Sharon pays a tax of $4,000 on her income of $40,000, while Brad pays a tax of $1,000 on his income of $20,000. This tax is:
A. regressive.
B. progressive.
C. proportional.
D. a flat tax.
Answer: B
You might also like to view...
Which of the following is an example of a financial capital?
A) A currency bill B) A check book C) A factory D) A bond
How has the growing popularity of factory outlet stores affected the market for clothing at retail department stores?
A) the supply curve for clothing at retail department stores shifts to the left. B) the demand curve for clothing at retail department stores shifts to the right. C) the supply curve for clothing at retail department stores shifts to the right. D) the demand curve for clothing at retail department stores shifts to the left.
A financial intermediary accepts deposits from savers and makes loans to borrowers
a. True b. False Indicate whether the statement is true or false
The best measure of the average standard of living is:
a. yearly population increase. b. real GDP per capita. c. consumer credit balances. d. the overall level of investment.