If George earned $50,000 and was taxed $7,500, while Julia earned $80,

1.	If George earned $50,000 and was taxed $7,500, while Julia earned $80,000 and was taxed $9,000, what type of income tax structure exists in their country?a) proportional income taxb) not clear due to missing informationc) progressive income taxd) regressive income tax
Answer» The correct answer is d) regressive income tax If George earned $50,000 and was taxed $7,500, while Julia earned $80,000 and was taxed $9,000, the type of income tax structure that exists in their country is REGRESSIVE. The tax rate decreases as the income increases.

If George earned $50,000 and was taxed $7,500, while Julia earned $80,000 and was taxed $9,000, what type of income tax structure exists in their country?a) proportional income taxb) not clear due to missing informationc) progressive income taxd) regressive income tax

Answer»

The correct answer is d) regressive income tax

If George earned $50,000 and was taxed $7,500, while Julia earned $80,000 and was taxed $9,000, the type of income tax structure that exists in their country is REGRESSIVE. The tax rate decreases as the income increases.

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If George earned $50,000 and was taxed $7,500, while Julia earned $80,000 and was taxed $9,000, what type of income tax structure exists in their country?a) proportional income taxb) not clear due to missing informationc) progressive income taxd) regressive income tax

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