Use the Table Below to Choose the Correct Answer

question 78

Multiple Choice

Use the table below to choose the correct answer.
For the income range illustrated, the tax shown here is

• A) regressive.
• B) proportional.
• C) progressive.
• D) progressive up to $20,000 but regressive beyond that.

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Definitions:

Happiness

A state of well-being and contentment characterized by emotions ranging from contentment to intense joy.

Wealth

An abundance of valuable financial assets or physical possessions which can include money, real estate, and personal property.

Poverty

The state of being extremely poor, where individuals lack financial resources to meet basic life needs such as food, shelter, and healthcare.

Race

A social construct used to categorize humans based on physical characteristics, ancestry, and genetics, despite the broad genetic overlap among humans.