Margaret earned $15,000 and paid $1,500 of income tax;Mike earned $50,000 and paid $5,000 of income tax.The

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Margaret earned $15,000 and paid $1,500 of income tax;Mike earned $50,000 and paid $5,000 of income tax.The tax rate structure they are subject to is:

a. Progressive.

b. Proportional.

c. Regressive.

d. Recessive.

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Fundamentals Of Taxation 2018

ISBN: 9781259713736

11th Edition

Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler

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Question Posted: Nov 19, 2018 11:37 AM

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Margaret earned $15,000 and paid $1,500 of income tax;Mike earned $50,000 and paid $5,000 of income tax.The

Question:

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Fundamentals Of Taxation 2018

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