The Table Given Below Shows the Absolute Tax Amounts Under

question 59

Multiple Choice

The table given below shows the absolute tax amounts under five different tax policies for respective income levels.Table 19.2

-Which of the following tax structures creates a disincentive to earn more?

• A)Proportional tax structure
• B)Regressive tax structure
• C)Digressive tax structure
• D)Progressive tax structure
• E)A combination of proportional and regressive tax structure

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Definitions:

Hostile Takeover

An acquisition attempt by a company or individual against the wishes of the target company's management and board of directors.

Top Managers

Senior executives responsible for the overall direction and performance of an organization, setting strategic goals and policies.

Friendly Merger

A type of corporate acquisition or consolidation that occurs with mutual agreement and cooperation between the companies involved.

Expected Growth

The anticipated increase in value or size of an investment, company, or economy over a specific period.