The dollar amounts in the last three columns are the taxes owed under the three different tax systems. Income Tax System A Tax System B Tax System C $ 50.000 $10,000 $25,000 $10,000 100,000 25,000 30,000 20,000 200,000 80,000 40,000 40,000 Which of the three tax systems is regressive? O Tax System A Tax System B O Tax System C O None of the systems are regressive.
The dollar amounts in the last three columns are the taxes owed under the three different tax systems. Income Tax System A Tax System B Tax System C $ 50.000 $10,000 $25,000 $10,000 100,000 25,000 30,000 20,000 200,000 80,000 40,000 40,000 Which of the three tax systems is regressive? O Tax System A Tax System B O Tax System C O None of the systems are regressive.
Chapter14: Taxes On The Financial Statements
Section: Chapter Questions
Problem 40P
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Transcribed Image Text:The dollar amounts in the last three columns are the taxes owed under the three different tax systems.
Income
Tax System A
Tax System B
Tax System C
$ 50.000
$10,000
$25,000
$10,000
100,000
25,000
30,000
20,000
200,000
80,000
40,000
40,000
Which of the three tax systems is regressive?
O Tax System A
Tax System B
O Tax System C
O None of the systems are regressive.
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