The federal personal income tax is an example of a progressive tax.
<u>Explanation:</u>
- A progressive tax is defined as the taxable amount increases when the tax rate increases. The term progressive is known as the increase from low to high.
- A person's marginal tax is high when compared to the taxpayer's average tax rate.This progressive tax will tend the people who have a lower ability to pay will pay less and who are the higher ability of pay will pay high.
- To know that clearly, it is the personal income tax. People with lower income will pay less tax and people with higher income will pay high taxes
- Britain Prime Minister William Pitt the Younger was introduced the first modern income tax.
That statement is false.
A drink would be considered as a high-proof drink if it contains high amount of ethanol inside it.
On average, a higher-proof drink could produce as many as twice the amount of alcohol effect compared to average alcohol drink.
<span>(B) is the most correct answer. Social Security becomes the main way a person earns income after they reach the age of at least 62. This way, a person who has retired from the workforce can still draw an income and be able to live comfortably without having to worry about having a retirement plan in place.</span>
