A Progressive Tax Structure Is One in Which

question 20

Multiple Choice

A progressive tax structure is one in which:

• A) tax rates are directly proportional to inflation rates.
• B) the larger the amount of taxable income, the higher the rate at which it is taxed.
• C) tax rates are inversely related to inflation rates.
• D) everyone pays the same income tax rate.
• E) no exemptions or deductions are available.

---

Definitions:

Threat Of Sanctions

The possibility of facing penalties or punishments as a deterrent against violating rules or norms.

Goal Setting

The process of identifying something that you want to accomplish and establishing measurable objectives and timeframes.

Reward Systems

Mechanisms or programs designed to motivate and compensate employees or participants by recognizing their achievements, contributions, or performance.

Profitability

The ability of a business to earn a profit, which is the surplus remaining after total costs are deducted from total revenue.