The Figure Below Show a Simplified Version of the Current

question 67

Multiple Choice

The figure below show a simplified version of the current (2012) Canadian federal income- tax system.The marginal income- tax rates for the four ranges of income are 15.5%,22%,26%,and 29%,respectively.
FIGURE 18- 2
-Suppose taxes are levied in the following way.All individuals pay a tax equal to $2000 no matter what income they earn.In addition,all individuals pay 20% of all their earned income in taxes.This income- tax system is

• A)indexed.
• B)progressive.
• C)regressive.
• D)an accurate description of the Canadian system.
• E)proportional.

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Definitions:

HR Department

The division within an organization that is focused on recruitment, management, and direction for the people who work in the organization.

Recruitment and Selection

The process of identifying, attracting, and choosing candidates for employment to meet organizational needs and objectives.

Knowledge Sharing

The practice of exchanging information, skills, or expertise among individuals or organizations to benefit all parties.

HRM Practice

Human Resource Management practices involve the strategic management of employees, including recruitment, training, performance evaluation, and employee relations to enhance organizational performance.