Jake earned $15,000 and paid $1,500 of income tax, while jill earned $40,000 and paid $3,000 of income tax. the structure of the tax their income is subject to is:

Question

Kira French

Business

29 February, 14:20

Jake earned $15,000 and paid $1,500 of income tax, while jill earned $40,000 and paid $3,000 of income tax. the structure of the tax their income is subject to is:

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Stella · Answer 1

The structure of the tax their income is subject to is regressive based on the tax information on the question above. First, you have to find the tax percentage for each of the people which are 10% for Jake and 7.5% for Jill. The tax percentage decreases in relation to the increase in income and this is the character of a regressive tax.