Suppose Taxes Are Levied in the Following Way

question 74

Multiple Choice

Suppose taxes are levied in the following way.No individual pays any taxes on the first $10 000 of their income.And for every dollar earned above this amount,all individuals pay 20% in taxes.This income-tax system is

• A)regressive.
• B)progressive.
• C)indexed.
• D)proportional.
• E)an accurate description of the Canadian system.

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Definitions:

Intermolecular

Pertaining to forces or interactions that occur between molecules.

Intramolecular

Refers to reactions or processes occurring within a single molecule.

Synthesis Reactions

Chemical reactions in which two or more substances combine to form a more complex product.

Catabolism

The breakdown of complex molecules into smaller units, releasing energy in the process.