Exam (elaborations)
C237 Taxation 1 Review master quiz| Questions With 100% Correct Answers | Verified
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The largest source of revenues for the federal government comes from - individual income taxes. Arthur pays tax of $5,000 on taxable income of $50,000 while taxpayer Barbara pays tax of $12,000 on $120,000. The tax is a - proportional tax. Which of the following taxes is regressive? - Federal In...
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