Use the table below to choose the correct answer. Income Tax (dollars) (dollars) 10,000 2,000 20,000 4,000 40,000 8,000 The tax schedule shown here is regressive. O proportional. progressive. O proportional up to $20,000 and regressive beyond that.

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter11: Fiscal Policy And The Federal Budget
Section11.1: The Federal Budget
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Use the table below to choose the correct answer.
Income
Таx
(dollars)
(dollars)
10,000
2,000
20,000
4,000
40,000
8,000
The tax schedule shown here is
regressive.
O proportional.
O progressive.
O proportional up to $20,000 and regressive beyond that.
Transcribed Image Text:Use the table below to choose the correct answer. Income Таx (dollars) (dollars) 10,000 2,000 20,000 4,000 40,000 8,000 The tax schedule shown here is regressive. O proportional. O progressive. O proportional up to $20,000 and regressive beyond that.
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