17 - of income tax. The tax rate structure they are subject...

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18. A tax rate that decreases as the tax base decreases is an example of what kind of tax rate structure? a. Progressive b. Proportional c. Regressive d. Recessive Answer: a. 19. Jake earned $15,000 and paid $1,500 of income tax; Jill earned $40,000 and paid $3,000
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Unformatted text preview: of income tax. The tax rate structure they are subject to is: a. Progressive b. Proportional c. Regressive d. Recessive Answer: c...
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This note was uploaded on 09/16/2011 for the course ACCOUNTING 145 taught by Professor Eric during the Spring '11 term at Palm Beach Community College.

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