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People earning $35,000 pay 10 percent tax, while people earning $100,000 pay 30 percent tax.
What else can I help you with?
The Laffer curve predicts the effects of changes in the tax rate on which of the following?
tax revenues
What is 4.99 plus tax if the tax rate is 0.07?
The tax would be about $0.35, so the total would be $5.34.
If it is 26.99 plus tax how much would it be?
That depends what the level of tax is. If the tax is 5%, then you would multiply 26.99 by .05 ; this will give you the amount of the tax imposed. You would then add the tax plus your original purchase price to equal your total. ($28.34) If the tax is 9%, you would multiply 26.99 by .09 and so on. ($29.42)
How much is 54.99 plus tax?
Well if you're using 6% tax, it would be 58.2894, but if you're using 7% tax, it would be 58.8393
How much is the sales tax on 19.50 worth of goods if the tax rate is 7?
The sales tax is $1.365. Assuming it is rounded up, the tax would equal $1.37 and the total cost would be $20.87.
The personal income tax would be categorized as a progressive tax.?
true
What is a progressive tax structure?
What is Progressive Tax Structure
Is gasoline tax progressive?
No. Most gasoline tax in not progressive. It is a tax per gallon.
What is the tax stratagy where the consumer pays a higher tax rate as income increases?
a "progressive tax" A "progressive" tax system. == ==
Is an income tax a progressive shared proportional or regressive tax?
progressive shared
The federal income tax is a?
progressive tax
The federal income tax is a _____.?
progressive tax
What type of tax is the federal income tax?
progressive tax
Why is the progressive tax is the ideal tax system?
the progressive tax system is the ideal one because it would not be unfair to the people whose income are less because the more you earn, the higher your tax rate.So it means that people who earn less will pay less tax rate while those people who earn more will pay more tax rate. That's the good thing about progressive tax system.
Is the federal income tax proportional progressive or regressive?
The federal income tax is progressive A tax that charges more for higher incomes
Which tax structure is used for federal income tax?
progressive tax
What would be a progressive tax?
people earning 35000 pay 10 percent tax, while people earning 100000 pay 30 percent tax
