City A has a property tax rate of 50 cents per $100 valuation with a homestead exemption of 20 percent. Your home is assessed at $100,000. What is your annual property tax bill to the city?

What is a defining characteristic of a progressive tax system?

a. The tax rate decreases as income increases. b. A higher burden is placed on the wealthy. c. The funds are typically used only during emergencies. d. The sales tax does not apply to all purchases.

In a scatter plot, the dots cluster along a line from the lower left hand corner to the upper right hand corner. This shows

A) A negative correlation. B) No relationship. C) A positive correlation. D) A nonlinear relationship.