You make $17,500/year. You pay $100 in gasoline tax, which is the same amount your parents pay.

Question:

a. What percentage of your income goes towards this “gasoline” tax?

b. Is this a regressive or progressive tax?

c. How might you reduce the rate of this tax?

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Personal Finance Building Your Future

ISBN: 978-0073530659

1st edition

Authors: Robert B. Walker, Kristy P. Walker

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Question Posted: Apr 18, 2018 07:55 AM

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You make $17,500/year. You pay $100 in gasoline tax, which is the same amount your parents pay.

Question:

Step by Step Answer:

a Tax as a percentage of income 10017500 0 0057 057 b T...View the full answer

Personal Finance Building Your Future

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