A taxpayer pays the following amounts: . On $5,000 income: pays $750 in tax . On $10,000 income: pays $1,800 in tax . On $15,000 income: pays $3,375 in tax Which type of tax system is being applied? A. Regressive tax B. Progressive tax C. Flat tax D. Poll tax E. Value-added tax

A taxpayer pays the following amounts: . On $5,000 income: pays $750 in tax . On $10,000 income: pays $1,800 in tax . On $15,000 income: pays $3,375 in tax Which type of tax system is being applied? A. Regressive tax B. Progressive tax C. Flat tax D. Poll tax E. Value-added tax

PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)

6th Edition

ISBN:9781337117005

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter3: Preparing Your Taxes

Section: Chapter Questions

Problem 7FPE

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Question

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General accounting

A taxpayer pays the following amounts:
.
On $5,000 income: pays $750 in tax
. On $10,000 income: pays $1,800 in tax
. On $15,000 income: pays $3,375 in tax
Which type of tax system is being applied?
A. Regressive tax
B. Progressive tax
C. Flat tax
D. Poll tax
E. Value-added tax

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