BUISENESS MANAGEMENT
TAXES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Federal Income tax is a ____ tax
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proportional
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flat
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regressive
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progressive
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Explanation:
Detailed explanation-1: -What is a progressive tax? A progressive tax is when the tax rate you pay increases as your income rises. In the U.S., the federal income tax is progressive. There are graduated tax brackets, with rates ranging from 10% to 37%.
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