Question

if your income falls in a 24% tax bracket in a progressive system, all of your income will be taxed at 24%. 1 true. 2 false.

Explanation:

In a progressive tax system, only the portion of income within the 24% bracket is taxed at 24%. Lower - income brackets are taxed at their respective (lower) rates. So not all income is taxed at 24%.

Answer:

1. False.