Question: When taxable income on a progressive basis exceeds certain thresholds A. tax credits become more important. B. a higher rate of tax is charged on

When taxable income on a progressive basis exceeds certain thresholds

A.

tax credits become more important.

B.

a higher rate of tax is charged on all income.

C.

the tax rate is increased on the next dollars of income until a new income level is reached.

D.

deductions reach a maximum allowable amount.

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