A progressive toll is one contained by which?
a. an ever-smaller % of income is taken as one moves from low to high-income brackets
b. an ever-smaller % is taken as one moves from high to low income brackets
c. an ever-larger % is taken as one moves from high to low income brackets
d. an ever-larger rand amount is taken as one moves from low to high-income brackets
e. the poor income higher taxes
This one is tricky, I can't decide between c and d. There is a take in for questioning... regarding the difinition of progressive tax, I would've chosen c.
Answers: Answer: b. an ever-smaller % is taken as one moves from dignified to low income brackets
A progressive tax is one in which the rates rate increases as the tax base increases.
Choice epistle B is the correct answer. It is just a reconstruction of its actual definition.
Choices A and C are the example of Regressive Tax system.
Progressive tariff simply means that the tax percentage change with changes contained by taxable income. It can go either road. A married couple making $40,000 pays less tax than a single being making the same amount. Head-of-household is in-between. Married file separately is the highest tax.
I'm surrounded by favour of a flat tax, but next, I'm single!
Hey its as Simple as that
From the point of view,of Lower income groups progressive tax scheme option A.
From the point of view of Higher income groups progressive excise means option D.
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b. an ever-smaller % is taken as one moves from high to low income brackets
c. an ever-larger % is taken as one moves from high to low income brackets
d. an ever-larger rand amount is taken as one moves from low to high-income brackets
e. the poor income higher taxes
This one is tricky, I can't decide between c and d. There is a take in for questioning... regarding the difinition of progressive tax, I would've chosen c.
Answers: Answer: b. an ever-smaller % is taken as one moves from dignified to low income brackets
A progressive tax is one in which the rates rate increases as the tax base increases.
Choice epistle B is the correct answer. It is just a reconstruction of its actual definition.
Choices A and C are the example of Regressive Tax system.
Progressive tariff simply means that the tax percentage change with changes contained by taxable income. It can go either road. A married couple making $40,000 pays less tax than a single being making the same amount. Head-of-household is in-between. Married file separately is the highest tax.
I'm surrounded by favour of a flat tax, but next, I'm single!
Hey its as Simple as that
From the point of view,of Lower income groups progressive tax scheme option A.
From the point of view of Higher income groups progressive excise means option D.