B). Regressive tax:
Rose earns $100,000 a year, and Jack earns $50,000 a year. They each buy
the same model of television and pay $200 in sales tax.
Explanation:
A regressive tax is a cost inflicted in such a way that the tax rate reduces as the product subservient to taxation rises. A regressive tax demands a greater percentage of incomes from lower-income bodies than those with greater benefits. They take a greater dimension of low-income people because they have limited funds left over after the charge. For that purpose, expenditure rates are regressive.
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C). Progressive tax
:
Mia’s income tax rate increased when she got a promotion and a raise.
Explanation:
A progressive tax is a tax in which the tax flow raises as the taxable amount rises. The term "progressive" relates to the means the tax rate grows from moderate to flying, with the conclusion that a taxpayer's normal tax rate is smaller than the person's minimal tax rate.
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A). Proportional tax:
Mr. Brown and Mr. Joseph earn different annual incomes. However, they both pay income tax equivalent to 15% of their income.
Explanation:
A proportional tax is a charge taxed so that the tax rate is solidified, with no difference as the assessable base amount rises or declines. The value of the tax is in symmetry to the value directed to taxation.
