An Income Tax System Where Higher Tax Rates Are Applied

question 12

Multiple Choice

An income tax system where higher tax rates are applied to increased amounts of income is called:

• A)a regressive tax system.
• B)a proportional tax system.
• C)a progressive tax system.
• D)a flat rate tax system.

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Definitions:

Demands

The needs or desires of consumers, clients, or the market that drive the supply and development of products or services.

Quality

The standard of something as measured against other things of a similar kind; a degree of excellence.

Proposal

A document outlining a plan or suggestion, often seeking approval or support from others.

Inverted Pyramid Style

A writing style often used in news articles where the most important information is presented first, followed by details in decreasing order of importance.