Which of the Following Would Indicate That an Income Tax

question 176

Multiple Choice

Which of the following would indicate that an income tax is progressive?

• A)high-income people pay $3, 000; low-income people pay $1, 000
• B)low-income people pay $3, 000; high-income people pay $1, 000
• C)high-income and low-income people all pay $1000 each
• D)high-income people pay 20 percent of their income in taxes; low-income people pay 10 percent
• E)both high-income and low-income people pay 10 percent of their income in taxes

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Definitions:

Swiss Consumer

An individual or entity engaging in the consumption of goods and services in Switzerland, representing patterns and preferences within the Swiss market.

Swiss Francs

The currency of Switzerland, recognized by its code CHF and used as a strong and stable store of value.

US Consumers

individuals or groups in the United States who purchase goods and services for personal use.

Chinese Goods

Products manufactured in China, often noted for their competitive pricing.