18 - a Progressive b Proportional c Regressive d Recessive Answer b

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20. Margaret earned $15,000 and paid $1,500 of income tax; Mike earned $40,000 and paid $4,000 of income tax. The tax rate structure they are subject to is:
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Unformatted text preview: a. Progressive b. Proportional c. Regressive d. Recessive Answer: b...
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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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