as your income rises, _______. a. your taxes will stay about the same b. the amount of taxes you pay…
as your income rises, _______. a. your taxes will stay about the same b. the amount of taxes you pay increases c. your tax bracket will fall to a lower rate d. none of the above please select the best answer from the choices provided o a o b o c o d
Answer
Brief Explanations:
In a progressive - tax system, as income rises, one moves to a higher tax bracket and the amount of taxes paid increases. Option a is incorrect as taxes don't stay the same. Option c is incorrect as higher income leads to a higher, not lower, tax bracket.
Answer:
B. The amount of taxes you pay increases