If government tax policy requires Bill to pay $20,000 in taxes on annual income of $200,000 and Paul to pay $10,000 in tax on annual income of $100,000, then the tax policy is:
A. regressive.
B. progressive.
C. proportional.
D. optional.
Ans: C. proportional.
Economics
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If Health Spas charges an annual membership fee of $1,000 for the use of their facilities and charges a $20 fee each time a member uses their facilities, this is an example of ________.
A) a single pricing scheme B) two-part pricing C) commodity bundling D) an all-or-nothing offer
Economics
When compared to the price of laptop computers, college tuition in the United States has
A. fallen. B. risen. C. stayed the same. D. risen at the same rate as the CPI.
Economics