Indicate Which of the Following Statements Concerning the Following Tax

question 85

Multiple Choice

Indicate which of the following statements concerning the following tax rate structures is/are correct.
$\begin{array}{lrr}&\text { When Income } & \text { Total Tax } \\&\text { Equals } & \text { Equals }\\\text { Structure \#1 } &{10,000} &{6000} \\& 100,000 & 5,000 \\\\\text { Structure \#2 } & 15,000 & 900 \\& 75,000 & 4,500 \\\\\text { Structure \#3 } & 13,000 & 975 \\& 86,000 & 6,600\end{array}$
I.Tax Structure #1 is proportional.
II.Tax Structure #1 is regressive
III.Tax Structure #2 is progressive.
IV.Tax Structure #3 is progressive

• A)Only statement I is correct.
• B)Only statement III is correct.
• C)Statements I and II are correct.
• D)Statements II and IV are correct.
• E)Statements I, II, and IV are correct.

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Definitions:

Anti-Affirmative Action

Opposition to policies or measures that aim to improve opportunities for historically socio-politically disadvantaged groups.

Cultural Pre-competence

A stage where individuals or organizations start to recognize the lack of understanding or capability in dealing with cultural diversity and begin to seek knowledge.

Stunted Development

A condition often resulting from chronic malnutrition or persistent illness during childhood, leading to impaired growth and cognitive development.

Sincere Efforts

Genuine attempts or actions made with honesty and earnestness, often aimed at achieving a specific goal or resolving a problem.