Regressive tax - Study guides, Revision notes & Summaries
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WGU C239 PA, Top Exam Questions and answers, 100% Accurate, GRADED A+ 2024 | 24 Pages
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An individual has taxable income of $60,000. The first $20,000 is taxed at 20%, the next $20,000 is taxed 
at 20%, and all income above $40,000 is taxed at 20%.Which tax structure is being applied to the 
individual's taxable income? 
Base 
Regressive 
Progressive 
Proportional - -Proportional 
Which federal income tax structure imposes an increasing marginal tax rate as the tax base increases? 
Regressive tax 
Incremental tax 
Progressive tax 
Proportional tax - -Progressive 
What would a grap...
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TAX 4001 Exam 1 Questions with Complete Solutions
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Proportional Tax Correct Answer--applies the same rate on all income, ex: Sales Tax 
-Also known as a flat tax rate 
= Tax Base X Tax Rate 
 
Regressive Tax Correct Answer--applies a decreasing rate as the tax base increases, ex: Social Security Taxes (Payroll Taxes) 
-as the tax base increases, the taxes paid increase, but the marginal tax rate decreases (not common) 
 
Progressive Tax Correct Answer--imposes an increasing marginal rate as the tax base increases, ex: Federal & State Income Taxe...
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WGU C239 PA Exam With 100% Correct Answers 2024/2025
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WGU C239 PA Exam With 100% Correct 
Answers 2024/2025 
An individual has taxable income of $60,000. The first $20,000 is taxed at 20%, the next 
$20,000 is taxed at 20%, and all income above $40,000 is taxed at 20%.Which tax structure is 
being applied to the individual's taxable income? 
Base 
Regressive 
Progressive 
Proportional - answerProportional 
Which federal income tax structure imposes an increasing marginal tax rate as the tax base 
increases? 
Regressive tax 
Incremental tax 
Progre...
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WGU C239 PA Exam With 100% Correct Answers 2024/2025
- Exam (elaborations) • 22 pages • 2024
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WGU C239 PA Exam With 100% Correct 
Answers 2024/2025 
An individual has taxable income of $60,000. The first $20,000 is taxed at 20%, the next 
$20,000 is taxed at 20%, and all income above $40,000 is taxed at 20%.Which tax structure is 
being applied to the individual's taxable income? 
Base 
Regressive 
Progressive 
Proportional - answerProportional 
Which federal income tax structure imposes an increasing marginal tax rate as the tax base 
increases? 
Regressive tax 
Incremental tax 
Progre...
-
FiCEP Final: CUNA Review | 220 Questions with 100% Correct Answers | Verified | Latest Update 2024 | 22 Pages
- Exam (elaborations) • 22 pages • 2023
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Select the statement that correctly describes a progressive tax. - A progressive tax requires people to 
pay more as they earn more. 
Pick the statement that best describes a regressive tax. - A regressive tax charges the same tax rate 
regardless of the taxpayer's income. 
Why are government fees and surcharges sometimes described as a form of tax? - Because they 
generate income for the government. 
Which taxing authorities are worthy of the member's attention? - The member must attend to al...
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WGU C239 PA | Questions and Correct Solutions 2024
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WGU C239 PA | Questions and Correct 
Solutions 2024 
An individual has taxable income of $60,000. The first $20,000 is taxed at 20%, the next $20,000 is taxed 
at 20%, and all income above $40,000 is taxed at 20%.Which tax structure is being applied to the 
individual's taxable income? 
Base 
Regressive 
Progressive 
Proportional - Answer -Proportional 
Which federal income tax structure imposes an increasing marginal tax rate as the tax base increases? 
Regressive tax 
Incremental tax 
Progres...
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FICEP Final Exam Questions with Correct Answers
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FICEP Final Exam Questions with Correct Answers 
Select the statement that correctly describes a progressive tax. - Answer-A progressive tax requires people to pay more as they earn more. 
 
Pick the statement that best describes a regressive tax. - Answer-A regressive tax charges the same tax rate regardless of the taxpayer's income. 
 
Why are government fees and surcharges sometimes described as a form of tax? - Answer-Because they generate income for the government. 
 
Which taxing authori...
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Federal Taxation FINAL Exam With Questions And 100% Correct Answers
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Federal Taxation FINAL Exam With Questions And 100% Correct Answers 
Which of the following characteristics would not be used to describe the generic nature of a "tax"? 
a. Normally, there is a direct relationship between the exaction of revenue and the benefits received by the taxpayer. 
b. A tax is levied on the basis of predetermined criteria. 
c. A tax is levied on the basis of recurring periods. 
d. A tax may be distinguished from a penalty because it is not specifically designed to contr...
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WGU C239 PA Questions and Answers Already Passed
- Exam (elaborations) • 39 pages • 2023
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WGU C239 PA Questions and Answers Already Passed 
An individual has taxable income of $60,000. The first $20,000 is taxed at 20%, the next $20,000 is taxed at 20%, and all income above $40,000 is taxed at 20%.Which tax structure is being applied to the individual's taxable income? 
Base 
Regressive 
Progressive Proportional Proportional 
Which federal income tax structure imposes an increasing marginal tax rate as the tax base increases? 
Regressive tax 
Incremental tax 
Progressive tax Proport...
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FiCEP Final: CUNA Review
- Exam (elaborations) • 32 pages • 2024
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FiCEP Final: CUNA Review 
 
Select the statement that correctly describes a progressive tax. - A progressive tax requires 
people to pay more as they earn more. 
 
Pick the statement that best describes a regressive tax. - A regressive tax charges the same 
tax rate regardless of the taxpayer's income. 
 
Why are government fees and surcharges sometimes described as a form of tax? - Because 
they generate income for the government. 
 
Which taxing authorities are worthy of the member's attenti...
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