what effect would a tax increase have on income?\nit would reduce gross income.\nit would not affect net…
what effect would a tax increase have on income?\nit would reduce gross income.\nit would not affect net income.\nit would increase net income.\nit would not affect gross income.
Answer
Brief Explanations:
Gross income is pre - tax income and is not affected by tax changes. Net income is gross income minus taxes, so a tax increase reduces net income. A tax increase does not change gross income.
Answer:
It would not affect gross income.