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The nation of Upstandia uses kroner for money and its tax code is such that a person mak

The nation of Upstandia uses kroner for money and its tax code is such that a person mak

 The nation of Upstandia uses kroner for money and its tax code is such that a person

making 100,000 kroner per year pays 40,000 kroner per year in income taxes; a person making

200,000 kroner per year pays 70,000 kroner per year in income taxes; and a person making

300,000 kroner per year pays 90,000 kroner per year in income taxes. Upstandia’s income tax

system is:

a. Progressive.

b. Regressive.

c. Proportional.

4. Identify each of the following taxes as being either progressive or regressive.

a. Personal income tax

b. Sales taxes

c. Payroll taxes

d. Property taxes

Abhinav 05-Dec-2019

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