Asked by
Collin Poleman
on Nov 05, 2024Verified
If the average tax rate exceeds the marginal tax rate, the tax would be
A) proportional.
B) regressive.
C) progressive.
D) uniform.
Average Tax Rate
The percentage of total income that is paid in taxes.
Marginal Tax Rate
The percentage of tax applied to your next dollar of income, indicating the rate at which your last dollar earned is taxed.
- Identify and distinguish between proportional, progressive, and regressive tax systems.
Verified Answer
FR
Learning Objectives
- Identify and distinguish between proportional, progressive, and regressive tax systems.