Percent of Income Paid in Total amount Income Tax of Tax Paid Family $10,000 20% $2,000 A Family $50,000 4% $2,000 В Family $100,000 2% $2,000 C If all families had to pay a $2,000 tax to fund schools, which type of tax structure is this school tax? Regressive Tax O Proportional Tax Progressive Tax
Percent of Income Paid in Total amount Income Tax of Tax Paid Family $10,000 20% $2,000 A Family $50,000 4% $2,000 В Family $100,000 2% $2,000 C If all families had to pay a $2,000 tax to fund schools, which type of tax structure is this school tax? Regressive Tax O Proportional Tax Progressive Tax
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
100%
![Percent of
Income Paid in Total amount
Income Tax
of Tax Paid
Family $10,000 20%
$2,000
A
Family $50,000
4%
$2,000
В
Family $100,000 2%
$2,000
C
If all families had to pay a $2,000 tax to fund schools,
which type of tax structure is this school tax?
Regressive Tax
Proportional Tax
Progressive Tax](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fed42ece2-097d-4a8d-86d6-76a5b3cf85d0%2Ffe657b6c-7973-4830-87f4-15bad7e49366%2Fb79abnb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Percent of
Income Paid in Total amount
Income Tax
of Tax Paid
Family $10,000 20%
$2,000
A
Family $50,000
4%
$2,000
В
Family $100,000 2%
$2,000
C
If all families had to pay a $2,000 tax to fund schools,
which type of tax structure is this school tax?
Regressive Tax
Proportional Tax
Progressive Tax
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