With a Tax of $2,000 on $30,000 of Income and $2,000

question 177

Multiple Choice

With a tax of $2,000 on $30,000 of income and $2,000 on $70,000 of income, we can describe the structure of this tax as

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

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Definitions:

Leadership

The act of guiding and directing a group towards achieving a common goal through influence, vision, and motivation.

Subjective Measure

An assessment method based on personal opinions, interpretations, or feelings rather than objective criteria or metrics.

Performance

The execution of an action or task in consideration of its efficiency, effectiveness, and quality.

Net Profits

The amount of money left after all expenses, taxes, and costs have been subtracted from total revenue.