Jamal earns $160,000 per year and Josephina earns $80,000 per year. If Jamal pays $16,000 in income taxes and Josephina pays $5,000 in income taxes, the income tax system would be

A) regressive.
B) progressive.
C) proportional.
D) marginal.

B

Economics

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Of all the payments made to factors of production in the United States in 2013, ____ received the lowest share

a. land rents b. labor c. interest payments d. corporate profits

Economics

Other things the same, if a country raises its saving rate, when is growth of real GDP per person higher?

a. as the economy moves toward the long run and in the long run. b. as the economy moves toward the long run, but not in the long run. c. in the long run, but not as the economy moves toward the long run. d. neither as the economy moves toward the long run, nor in the long run.

Economics