You and your friend bought the exact same TV and paid 7% tax on the purchase. Your friend’s income is three times the amount of yours, placing a higher tax burden on you. Which tax system is this?

Marginal

Progressive

Regressive

Proportional

Question

15-12-2021
Business

contestada

You and your friend bought the exact same TV and paid 7% tax on the purchase. Your friend’s income is three times the amount of yours, placing a higher tax burden on you. Which tax system is this?

Marginal

Progressive

Regressive

Proportional

Respuesta :

Otras preguntas

When myosin cycling generates less tension than the load: A) an oxygen debt is repaid. B) fatigue occurs. C) relaxation occurs. D) tetany occurs. E) atrophy

-4(3-1)+2 simplify this question

Describe what happens to the metabolic flux of glucose before and after eating breakfast in terms of glycogen and pyruvate levels in liver cells and the two-pep

Read this excerpt from The Miracle Worker.CHILDREN [DELIGHTED]: There’s another present! Beatrice! We have a present for Helen, too! Give it to her, Beatrice. H

It has been stated that “species form a boundary for gene flow”. What does this mean? Are there exceptions to this statement? Explain.

Qué libros leen sv y xw? Alguien por favor que allá leído secretísima virtual por favor es urgente!!

A bacteria in a hypotonic solution will tend to: a) shrivel b) burst c) stay the same d) begin to grow e) move around in circles

Which of the following is true of Huntington's disease (HD)? a. HD first appears in early childhood. b. HD is caused by degeneration of the nigrostriatal bund

The formation of condensation on a glass of ice water causes the ice to melt faster than it would otherwise. If 8.55 g of condensation forms on a glass containi

Fundamental frequencies problem. The beat frequency is ωbeat = |ω1−ω2|. In the experiment, you measure periods. Re-express the beat period in terms of the funda

Baraq Baraq · Answer 1 · 2021-12-22T14:16:05+01:00

Considering the scenario described in the question, the type of tax system in this situation is "Regressive Tax."

What is Regressive Tax?

A regressive tax is a form of the taxing method in which the same tax or tax percentage is placed n products or goods purchased.

In the Regressive Tax system, consumers' income does not matter, thereby making it disproportionately difficult on low earners.

Given that your friend’s income is three times the amount of yours, yet you paid the same amount of tax percentage, this is an example of Regressive tax.

Hence, in this case, it is concluded that the correct answer is "Regressive Tax."

Learn more about Regressive Tax here: https://brainly.com/question/2214317

lcushing14 lcushing14 · Answer 2 · 2022-05-05T19:14:45+02:00

lcushing14 lcushing14

05-05-2022

Answer:

Proportional

Explanation:

Everyone is paying the same percentage.

Answer Link

You and your friend bought the exact same TV and paid 7% tax on the purchase. Your friend’s income is three times the amount of yours, placing a higher tax burden on you. Which tax system is this? Marginal Progressive Regressive Proportional

Respuesta :

What is Regressive Tax?

Otras preguntas

You and your friend bought the exact same TV and paid 7% tax on the purchase. Your friend’s income is three times the amount of yours, placing a higher tax burden on you. Which tax system is this?

Marginal

Progressive

Regressive

Proportional