Table 153 Table 153 Shows the Amount of Taxes Paid on Various Levels

question 93

Multiple Choice

Table 15.3
$\begin{array}{|c|r|}\hline \text { Taxable Income } & \text { Tax Payments } \\\hline \$ 20,000 & \$ 2,000 \\\hline 25,000 & 2,250 \\\hline 32,000 & 2,560 \\\hline 42,000 & 2,940 \\\hline\end{array}$
Table 15.3 shows the amount of taxes paid on various levels of income in Notrealia.
-Refer to Table 15.3.Notrealia's tax system is

• A)progressive throughout all levels of income.
• B)proportional throughout all levels of income.
• C)regressive throughout all levels of income.
• D)regressive between $20,000 and $25,000 of income and progressive between $32,000 and $42,000.

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Definitions:

Approximate

A value or quantity that is nearly but not exactly correct, often used when exact figures are not necessary or available.

Properties

Refers to characteristics or attributes that define or identify mathematical figures, numbers, and operations.

Logarithms

A logarithm with a specified base is the exponent by which the base must be raised to yield a particular number. It is a different way to express exponentiation.

Condense

The process of combining several mathematical expressions or elements into a simpler form.