Question

what is the internal revenue code?
a collection of tax laws, their interpretations, and federal tax rulings
a list of tax brackets and the percentages each person must pay
a book used solely by tax accountants to help people complete their filings
a passcode that citizens must have to file their taxes online
question 14
3 pts
in the united states, people are sorted into different tax brackets so that they pay differing amounts of taxes based on their income level. which type of tax system does this best demonstrate?
regressive
progressive
proportional
flat

Explanation:

First Question (What is the Internal Revenue Code?):

The Internal Revenue Code (IRC) is a comprehensive set of federal tax laws, including their interpretations and rulings. The first option describes this accurately. The second option is incorrect as tax brackets are part of the IRC but not the entire code. The third option is wrong as the IRC is not a book for tax accountants' use in filings. The fourth option is incorrect as it has nothing to do with a passcode for online filing.

A progressive tax system is where tax rates increase as income increases (people in higher income brackets pay higher tax rates). The US income tax system with brackets based on income level is progressive. A regressive tax has higher effective rates for lower incomes, proportional (flat) has a constant rate, and flat is a type of proportional. So the correct answer is progressive.

Answer:

a collection of tax laws, their interpretations, and federal tax rulings

Question 14 (Tax System Demonstrated by US Tax Brackets):