If government tax policy requires Peter to pay $15,000 in tax on annual income of $200,000 and Paul to pay $10,000 in tax on annual income of $100,000, then the tax policy is:
A. optional.
B. progressive.
C. proportional.
D. regressive.
Answer:D
If government tax policy requires Peter to pay $15,000 in tax on annual income of $200,000 and Paul to pay $10,000 in tax on annual income of $100,000, then the tax policy is:
A. optional. B. progressive. C. proportional. D. regressive.
Explanation: Type: Multiple Choice