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allochka39001 [22]
3 years ago
9

Explain the difference between a flat tax and a graduated income tax. in your own words.​

Business
1 answer:
Lelechka [254]3 years ago
8 0

Answer:

flat tax is a set percentage that dies not change

graduated tax changes according to the amount being taxed. usually, the higher the amount, the higher the tax rate is.

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Net income                                                                    $310,000

<u><em>Adjustment to reconcile net income to</em></u>

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