A Tax System in Which the Tax Rate on Everyone's

question 95

Multiple Choice

A tax system in which the tax rate on everyone's first $10,000 of income is 10 percent, the tax rate on everyone's second $10,000 of income is 15 percent, and the tax rate on all income over $20,000 is 25 percent is a(n) :

• A) proportional tax.
• B) equitable tax.
• C) head tax.
• D) unit tax.
• E) progressive tax.

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Definitions:

Gross Misconduct

Serious misbehavior or negligence by an employee that is so egregious it warrants immediate dismissal from employment.

Federal Unemployment Tax Act

The Federal Unemployment Tax Act (FUTA) is a United States federal law that funds the administration of unemployment insurance and job service programs in every state.

Unemployment Compensation

The state system, created by the Federal Unemployment Tax Act, that provides unemployment compensation to qualified employees who lose their jobs.

Qualified Employees

Workers who possess the skills, educational background, and professional experience necessary to perform their job duties effectively.