Ask Question
BusinessBusiness
30 January, 10:50

A progressive tax structure is one in which:

A. tax rates are directly proportional to inflation rates.

B. the larger the amount of taxable income, the higher the rate at which it is taxed.

C. tax rates are inversely related to inflation rates.

D. everyone pays the same income tax rate.

E. no exemptions or deductions are available.

+5
Answers (1)
  1. 30 January, 13:11
    0
    A progressive tax structure is one in which "the larger the amount of taxable income, the higher the rate at which it is taxed".

    Answer: Option B

    Explanation:

    Progressive taxation has a significant effect on reducing disparity in income. This is particularly true as taxation is used to finance progressive government programs such as pensions and social security networks. A progressive tax is a tax, which imposes a reduced rate of tax on small-income earners relative to those who have a higher earnings, rendering it based on ability of the taxpayer to pay. This displays that it takes a higher percentage of high-income earners than small-income people.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A progressive tax structure is one in which: A. tax rates are directly proportional to inflation rates. B. the larger the amount of taxable ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Zenya is the founder of an online service that allows users to rent out spare rooms in their homes. She has hired a number of extremely bright employees whose opinions are central to the company's success in the fast-paced online services industry.
Answers (1)
Which of the following industries is not included in the service-providing cluster? Select the best answer choice. A) Transportation and Utilities B) Manufacturing C) Government D) Professional and Business Services
Answers (1)
How does bad debt expense is reported on the income statement?
Answers (1)
All the following represents components (i. e., tools) of quality management, except: a. Check Sheets b. Histograms c. Critical Path Analysis d. Scatter Diagrams
Answers (1)
Which data is an example of a business form A:resume B: timesheet C:pic chart D: master data
Answers (1)
New Questions in Business
The balanced scorecard approach uses only financial measures to evaluate performance. uses rather vague, open statements when setting objectives in order to allow managers and employees flexibility.
Answers (1)
In the open economy of Sildavia, government spending during 2005 was $30 billion, consumption was $70 billion, taxes were $20 billion, and GDP was $100 billion.
Answers (1)
Ridiculousness, Inc., has sales of $49,000, costs of $22,600, depreciation expense of $2,150, and interest expense of $1,900. If the tax rate is 21 percent, what is the operating cash flow, or OCF?
Answers (1)
A common measure of liquidity is a. the accounts receivable turnover. b. dividends per share of common stock. c. the asset turnover ratio. d. the profit margin.
Answers (1)
Assume that Amazon has a stock-option plan for top management. Each stock option represents the right to purchase a share of Amazon $1 par value common stock in the future at a price equal to the fair value of the stock at the date of the grant.
Answers (1)
Home » Business » A progressive tax structure is one in which: A. tax rates are directly proportional to inflation rates. B. the larger the amount of taxable income, the higher the rate at which it is taxed. C. tax rates are inversely related to inflation rates. D.
Sign Up Forgot Password?