Suppose an Income Tax Is Levied in the Following Way

question 38

Multiple Choice

Suppose an income tax is levied in the following way: All individuals pay 10% of their income up to an income of $30 000.On all income above $30 000,individuals pay 20% of their income.Such a tax is

• A)regressive.
• B)progressive.
• C)indexed.
• D)proportional.
• E)unrealistic.

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Definitions:

Bulimia

An eating disorder marked by binge eating followed by behaviors to avoid weight gain, such as self-induced vomiting, excessive exercise, or laxative use.

Relapse

The return of symptoms of a disease or condition after a period of improvement.

Frequent Vomiting

Recurring episodes of forcefully ejecting stomach contents through the mouth, which can be indicative of various medical conditions or reactions.

Anorexia

A potentially life-threatening eating disorder characterized by an abnormally low body weight, a fear of gaining weight, and a distorted perception of body weight or shape.