Asked by
celyna garcia
on Nov 05, 2024Verified
If the marginal tax rate exceeds the average tax rate, the tax would be
A) proportional.
B) regressive.
C) progressive.
D) uniform.
Average Tax Rate
The fraction of total income that is paid in taxes.
- Classify and tell apart the characteristics of proportional, progressive, and regressive tax formats.
Verified Answer
KS
Learning Objectives
- Classify and tell apart the characteristics of proportional, progressive, and regressive tax formats.