Asked by
Cindy Lopez
on Oct 13, 2024Verified
The rich pay a _____ proportion of their income and a _____ dollar amount of federal income tax than the middle class.
A) higher,higher
B) lower,lower
C) higher,lower
Federal Income Tax
The tax levied by the US government on the annual earnings of individuals, corporations, trusts, and other legal entities.
Middle Class
A social group between the upper and working classes, including professional and business workers and their families, characterized by moderate to high income levels and higher education.
Proportion
This refers to a part, share, or number considered in comparative relation to a whole.
- Apprehend the distinctions between tax policies (regressive, progressive) and their outcomes on contrasting income demographics.
Verified Answer
CH
Learning Objectives
- Apprehend the distinctions between tax policies (regressive, progressive) and their outcomes on contrasting income demographics.