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Home / Questions / 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

Dec 05 2019 View more View Less

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