Suppose You Are Making $50,000 Per Year and Paying $5,000

question 178

Multiple Choice

Suppose you are making $50,000 per year and paying $5,000 per year in income taxes. You get a $10,000 per year raise and your income taxes are now $6,000 per year. Based on this information, the income tax system is

• A) proportional.
• B) progressive.
• C) regressive.
• D) bracketed.

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Definitions:

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The process of creating products, systems, or structures with a focus on optimal functionality.

Strategic Choices

The decisions made by an organization in order to achieve its long-term goals.

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