What does it mean when a tax code is convex?
A) It is a flat tax and does not vary as taxable income varies.
B) It is regressive and taxes lower incomes more.
C) Is proportional and the rate always taxes at proportional income equivalents.
D) It imposes a higher rate on higher incomes and a lower rate on lower incomes.
Answer: D
You might also like to view...
Which of the following statements is FALSE? Affirmative action
A) often benefits minorities B) is required under the Charter of Rights and Freedoms C) is legal under provincial Human Rights Codes D) permits programs to discriminate now to make up for past discrimination against certain groups E) can permit special hiring policies that may give an advantage to femal applicants
What is the difference between an associative model and a time-series model?
What will be an ideal response?