Ask Question
27 September, 16:23

Suppose you live in a country with a proportional tax system. You make $20,000 a year and pay $5000 in taxes. Your friend, Naomi, makes twice as much money as you. What amount can she expect to pay in taxes this year? $2500 $5000 $10,000 $20,000

+5
Answers (2)
  1. 27 September, 17:23
    0
    Naomi can expect to pay $10,000 in taxes this year.

    Explanation:

    Proportional tax systems charge taxpayers by virtue of what they earn annually. It is an equitable system, since it charges the same percentage to all; but not equal, since each person pays a different amount according to their income range.

    As in the example I make $20,000 a year and I pay $5,000 in taxes, the tax burden applied is 25%. Therefore, if my friend Naomi earns twice as much as me, that is, $ 40,000 a year, applying the same tax burden she should pay $10,000 in taxes.
  2. 27 September, 17:49
    0
    10,000 in taxes, because it's twice as much pay so twice as much in taxes
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Suppose you live in a country with a proportional tax system. You make $20,000 a year and pay $5000 in taxes. Your friend, Naomi, makes ...” in 📘 History 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