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Indicate Which of the Following Statements Concerning the Following Tax

question 145

Multiple Choice

Indicate which of the following statements concerning the following tax rate structures is/are correct.
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 When Income  Total Tax  Equals  Equals  Structure #1 10,000750100,0006,000 Structure #2 15,00090075,0004,000 Structure #3 13,0001,20086,0009,600\begin{array}{lcc}& \text { When Income } & \text { Total Tax } \\&\text { Equals } &\text { Equals } \\\text { Structure \#1 } & 10,000 & 750 \\& 100,000 & 6,000 \\& & \\\text { Structure \#2 } & 15,000 & 900 \\& 75,000 & 4,000 \\& & \\\text { Structure \#3 } & 13,000 & 1,200 \\& 86,000 & 9,600\end{array}
I.Tax Structure #1 is regressive.
II.Tax Structure #1 is proportional
III.Tax Structure #2 is progressive.
IV.Tax Structure #3 is progressive
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