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It's a method of determining the taxable rate on income.
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∙ 7y ago
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Which statement most accurately describes a progressive tax?
The tax rate increases as income increases.
Who would pay the most as a portion of income under a regressive tax?
Under a regressive tax your tax rate goes down as you make more money. (Total Tax Paid) / (Income) = (Percent of income paid). As the tax rate goes down, the more you make the lower this number will be.
Felix has a gross income of $18,000. What is his total tax due?
2026
Marginal Tax Rate Calculator?
Marginal Tax Rate Calculator Knowing your income tax rate can help you calculate your tax liability for unexpected income, retirement planning or investment income. This calculator helps you estimate your average tax rate, your current tax bracket, and your marginal tax rate for the 2010 tax year. Please note that this calculator uses the 2010 preliminary tax tables subject to change by the IRS.
What is the maximum California state income tax?
No such thing..no maximum on how much money you can make, no max on how much tax you can pay
What type of tax is the federal income tax?
progressive tax
What type of tax best describe the federal income tax?
progressive
What type of tax brings a higher tax rates the income rises?
progressive
Indinvidual income tax rates are usually this type of tax the higher the income the higher the tax rate?
i think its Progressive(Kaylop)
What is the purpose of the income tax brackets?
Income tax brackets enable the progressive taxation of income.
What type of tax strategy makes consumer pay higher tax rate as income increases?
A progressive tax strategy.
Is the federal income tax proportional progressive or regressive?
The federal income tax is progressive A tax that charges more for higher incomes
The federal income tax is a _____.?
progressive tax
The federal income tax is a?
progressive tax
Is an income tax a progressive shared proportional or regressive tax?
progressive shared
With this tax as income increase the amount of income tax also increase?
progressive
What tax as income increase the amount of income tax also increase?
progressive
