The nation of upstandia uses kroner for money and its tax, Ask an Expert

Economics

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.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91839485

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