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Montano1993 [528]
4 years ago
12

The Federal personal income tax is:_______

Business
1 answer:
vredina [299]4 years ago
6 0

Answer:

D. Progressive and the incident is on the tax payer

Explanation:

The federal personal income tax  is  a progressive tax because the tax increases as the income of the individual increases.

A progressive tax  system is where higher tax rate falls on high income  earners and lower tax rate on low income earners.  The incident of personal income tax is on the tax payers  because they the burden of paying the tax is borne by them.

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In a free-market economy, a product that entails a negative externality (additional social cost) will be
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Delta Company sells bells to customers for $1 each. The variable cost to manufacture the bells is 10 cents. If the rattle depart
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Read 2 more answers
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