The Figure Below Show a Simplified Version of the Current

question 64

Multiple Choice

The figure below show a simplified version of the current (2015) Canadian federal income-tax system.The marginal income-tax rates for the four ranges of income are 15%,22%,26%,and 29%,respectively. FIGURE 18-2
-Refer to Figure 18-2.What must be true of the four marginal income-tax rates in order for the tax to be considered a "flat" tax?

• A)they need to be zero
• B)they need to be the same
• C)they need to be constant
• D)they need to gradually level out
• E)they need to be smaller

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Definitions:

Property Taxes

Taxes paid by property owners on their real estate holdings based on the assessed value of their property.

Omnichannel

A multichannel approach to sales that seeks to provide the customer with a seamless shopping experience, whether they are shopping online from a desktop or mobile device, by telephone, or in a brick-and-mortar store.

Retail Channel

A route through which goods and services are sold to customers through various outlets like physical stores, online platforms, or by mail.

Intermodal Transport

Using multiple types of transportation for the same shipment.