Ask Question
BusinessBusiness
25 December, 11:37

Which of these best describes income tax? regressive tax progressive tax direct tax proportional tax

+5
Answers (1)
  1. 25 December, 14:37
    0
    I think it is proportional tax. A person’s income is taxed depending on the amount of income that the person earns. The more income a person earns the more the amount of taxes that the person pays depending on the rate where his or her income falls into.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of these best describes income tax? regressive tax progressive tax direct tax proportional tax ...” 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
Clemens Cars' job cost sheet for job A40 shows that the cost to add security features to a car was $10,500. The car was delivered to the customer, who paid $14,900 in cash for the added features.
Answers (1)
The measure of how quickly an investment can be converted into cash is known as
Answers (1)
Firms that use cotton as their key factor of production in producing t-shirts also have the ability to use their factors of production to produce sweatshirts instead.
Answers (1)
Rodriguez Corporation issues 6,000 shares of its common stock for $96,000 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $14 par value. 2.
Answers (2)
What are some day to day duties of being a Chef
Answers (2)
New Questions in Business
When preparing the budgeted income statement of a merchandising company, the amount of cost of goods sold can be taken from the
Answers (1)
Ortega Company manufactures computer hard drives. The market for hard drives is very competitive. The current market price for a computer hard drive is $42. Ortega would like a profit of $12 per drive.
Answers (1)
True or false Each consumer has a credit score in their credit report and the score adjusts up or down each month, based on positive or negative information reported by creditors
Answers (1)
Which type of unemployment is caused by a lack of demand for workers as a result of a shrinking economy?
Answers (1)
Actionable performance measures should be meaningful to a company's management and should provide the basis for decisions at the strategic level in an organization. A. True B. False
Answers (1)
Home » Business » Which of these best describes income tax? regressive tax progressive tax direct tax proportional tax
Sign Up Forgot Password?