Suppose you are making $50,000 per year and paying $5,000 per year in income taxes. You get a $10,000 per year raise and your income taxes are now $6,000 per year. Based on this information, the income tax system is
A) proportional.
B) progressive.
C) regressive.
D) bracketed.
A
Economics
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Diseconomies of scale at the firm level occur
a. wherever the firm's long-run average cost curve is horizontal b. wherever the firm's long-run total cost curve is horizontal c. where marginal cost equals marginal revenue d. if a firm becomes "too large" e. if any of the firm's plants becomes "too large"
Economics
If there is no pure strategy Nash equilibrium in a complete information game, there is a mixed strategy equilibrium, and if there is no mixed strategy equilibrium, there is a pure strategy equilibrium.
Answer the following statement true (T) or false (F)
Economics