Percent ofIncome Paid inTotal amountIncome Taxof Tax PaidFamily $10,00010%$1,000AFamily $50,000 20%$10,000ВFamily $100,000 30%$30,000CIdentify the tax structure based on the tax chart.Proportional TaxProgressive TaxRegressive Tax

Proportional Tax is the tax which is levied as the same percentage on each individual despite of the…

Percent of Income Paid in Total amount Income Tax of Tax Paid Family $10,000 10% $1,000 A Family $50,000 20% $10,000 Family $100,000 30% $30,000 Identify the tax structure based on the tax chart. Proportional Tax Progressive Tax Regressive Tax

Percent of Income Paid in Total amount Income Tax of Tax Paid Family $10,000 10% $1,000 A Family $50,000 20% $10,000 Family $100,000 30% $30,000 Identify the tax structure based on the tax chart. Proportional Tax Progressive Tax Regressive Tax

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter3: Economic Decision Makers

Section: Chapter Questions

Problem 3.10P

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Question

100%

Percent of
Income Paid in
Total amount
Income Tax
of Tax Paid
Family $10,000
10%
$1,000
A
Family $50,000 20%
$10,000
В
Family $100,000 30%
$30,000
C
Identify the tax structure based on the tax chart.
Proportional Tax
Progressive Tax
Regressive Tax

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