izaaa3333 izaaa3333

20-07-2024
Social Studies

Answered

Income tax is an example of which type of tax?

A. Progressive
B. Benefits-received
C. Regressive
D. Proportional

Answer :

GinnyAnswer GinnyAnswer

20-07-2024

Final answer:

Income tax is an example of a progressive tax that increases as income rises.

Explanation:

Income tax is an example of a progressive tax. In a progressive tax system, the tax rate increases as the taxable base amount increases. This means that individuals with higher incomes pay a higher percentage of taxes.

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