A _____ tax takes a fixed percentage of income,regardless of the level of income.

A) proportional
B) benefits
C) progressive
D) regressive

Question

A _____ tax takes a fixed percentage of income,regardless of the level of income.A) proportionalB) benefitsC) progressiveD) regressive

Nicole Sardelis · Accepted Answer

Final Answer : A, Explanation :  A proportional tax, also known as a flat tax, takes a fixed percentage of income regardless of the level of income. For example, if the tax rate is 10%, someone who earns $50,000 would pay $5,000 in taxes, while someone who earns $100,000 would pay $10,000 in taxes. The tax rate is the same for everyone, regardless of their income level.

A _____ tax takes a fixed percentage of income,regardless of the level of income.

A) proportional
B) benefits
C) progressive
D) regressive

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