A Tax Must Be Progressive If an Individual with a Higher

question 133

True/False

A tax must be progressive if an individual with a higher income pays more dollars in taxes than an individual with a lower income.

---

Definitions:

Quartz

A hard, crystalline mineral composed of silicon dioxide, widely used in jewelry and as an industrial abrasive.

Medium Of Exchange

An intermediary instrument used to facilitate the sale, purchase, or trade of goods between parties.

Commodity Money

Money whose value comes from a commodity of which it is made, such as gold and silver, used historically as a medium of exchange.

Token Money

Money whose face value exceeds its cost of production.