Asked by
Easton Stusse
on Oct 25, 2024Verified
A tax of $20 on an income of $200,$40 on an income of $300,and $80 on an income of $400 is:
A) progressive.
B) proportional.
C) regressive.
D) constant-rate.
Constant-Rate
Pertaining to a process or quantity that changes over time at an unvarying speed or amount.
Progressive Tax
A tax system where the tax rate increases as the taxable amount increases, placing a heavier burden on wealthier taxpayers.
- Discern and separate the characteristics of progressive, proportional, and regressive taxation models.
Verified Answer
KW
Learning Objectives
- Discern and separate the characteristics of progressive, proportional, and regressive taxation models.