If You Pay $2,000 in Taxes on an Income of $20,000

question 235

Multiple Choice

If you pay $2,000 in taxes on an income of $20,000, and a tax of $2,700 on an income of $30,000, then over this range of income the tax is

• A)regressive.
• B)proportional.
• C)progressive.
• D)There is insufficient information to answer the question.

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Definitions:

SWOT Analysis

A strategic planning tool used to identify the Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

Market-Product Grid

A matrix used to analyze and display the relationship between different markets (or customer groups) and products offered by a business.

Synergy Analysis

An evaluation method used to determine the combined effects of different parts of a business working together, often leading to enhanced productivity or effectiveness.

Marketing Plans

Marketing Plans are strategic documents outlining the proposed actions, targets, and strategies for promoting and selling a product or service.