If You Pay $2,000 in Taxes on an Income of $20,000

question 128

Multiple Choice

If you pay $2,000 in taxes on an income of $20,000, and a tax of $3,500 on an income of $30,000, then over this range of income the tax is

• A)regressive.
• B)proportional.
• C)progressive.
• D)There is insufficient information to answer the question.

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Definitions:

Basic Postulate

A fundamental assumption or principle that serves as the foundation for a theory, argument, or system of belief.

Economic Policy

A course of action or a set of decisions made by a government or central authority that aims to influence or control the behavior of the economy.

Cheating

Dishonest behavior intended to gain an unfair advantage, typically in the context of academic or sports activities.

Basic Postulate

An underlying assumption or principle that serves as a foundation for a theory, system, or statement.