4. INCOME $50,000 100,000 200,000 TAX A AMOUNT OF TAX $12,500 (25%) $25,000 (25%) $50,000 (25%)...

Transcribed Image Text:

4. INCOME $50,000 100,000 200,000 TAX A AMOUNT OF TAX $12,500 (25%) $25,000 (25%) $50,000 (25%) TAX B AMOUNT OF TAX $15,000 (30%) $25,000 (25%) $40,000 (20%) a. A regressive tax is illustrated by tax: b. A proportional tax is illustrated by tax: c. A lump-sum tax is illustrated by tax: d. A progressive tax is illustrated by tax: TAX C AMOUNT OF TAX $10,000 (20%) $25,000 (25%) $60,000 (30%) TAX D AMOUNT OF TAX $15.000 (30%) $15.000 (15%) $15,000 (7.5%) 4. INCOME $50,000 100,000 200,000 TAX A AMOUNT OF TAX $12,500 (25%) $25,000 (25%) $50,000 (25%) TAX B AMOUNT OF TAX $15,000 (30%) $25,000 (25%) $40,000 (20%) a. A regressive tax is illustrated by tax: b. A proportional tax is illustrated by tax: c. A lump-sum tax is illustrated by tax: d. A progressive tax is illustrated by tax: TAX C AMOUNT OF TAX $10,000 (20%) $25,000 (25%) $60,000 (30%) TAX D AMOUNT OF TAX $15.000 (30%) $15.000 (15%) $15,000 (7.5%)

Answer rating: 100% (QA)

ANSWER a A regressive tax is that tax system in which tax rate decreases with the increase in the in... View the full answer