Suppose You Are Making $50,000 Per Year and Paying $5,000

question 178

Multiple Choice

Suppose you are making $50,000 per year and paying $5,000 per year in income taxes. You get a $10,000 per year raise and your income taxes are now $6,000 per year. Based on this information, the income tax system is

• A) proportional.
• B) progressive.
• C) regressive.
• D) bracketed.

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Definitions:

Beliefs

Beliefs are convictions or acceptances that something exists or is true, especially without proof.

Beliefs

Cognitive content held as true by an individual or group, often without empirical evidence.

Attitudes

An individual's evaluations, feelings, and tendencies toward an object or idea, which can influence behavior and perceptions.

Rationalize Occurrences

The process of providing reasonable explanations for events, often to justify one's own behavior or beliefs, even if the explanations are not based on facts.