Ask your own question, for FREE!
Economics - Financial Markets 9 Online
OpenStudy (anonymous):

Suppose a tax is such that an individual with an income of $10,000 pays $2,500 of tax, a person with an income of $20,000 pays $2,500 of tax, a person with an income of $30,000 pays $2,500 of tax, and so forth. What is each person’s average tax rate? Instructions: Round your answers to one decimal place. Income Tax Paid Average Tax Rate $10000 $2500 % $20000 $2500 % $30000 $2500 % Is this tax regressive, proportional, or progressive?

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Latest Questions
Arriyanalol: i need help
3 days ago 7 Replies 1 Medal
Arriyanalol: CONGRATS to me
3 days ago 8 Replies 2 Medals
Legomaster346: What colleges are good that are near Arab Alabama?
1 week ago 5 Replies 0 Medals
Arriyanalol: i need help
1 week ago 6 Replies 2 Medals
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!