Asked by Abigail Kooiker on Jul 17, 2024

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Answer the question on the basis of the following data:  Taxable Income  Total Tax $1,000$02,0001003,0003004,0006005,0001,0006,0001,500\begin{array} { c c } \text { Taxable Income } & \text { Total Tax } \\\hline\$ 1,000 & \$ 0 \\2,000 & 100 \\3,000 & 300 \\4,000 & 600 \\5,000 & 1,000 \\6,000 & 1,500\end{array} Taxable Income $1,0002,0003,0004,0005,0006,000 Total Tax $01003006001,0001,500 The tax represented is:

A) optimal.
B) proportional.
C) regressive.
D) progressive.

Progressive Tax

A taxation system where the tax rate increases as the taxable amount increases, typically structured to impose a heavier tax burden on higher-income earners.

Taxable Income

The portion of income that is subject to taxation after all allowances, deductions, and exemptions are factored in.

Total Tax

The sum of all the taxes levied by different levels of government on an individual or business.

  • Evaluate the construction and effects of the federal personal income tax arrangement.
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AJ
Ashlyn JohnsonJul 20, 2024
Final Answer :
D
Explanation :
The tax system represented is progressive, as the total tax paid increases at a higher rate than the taxable income.