Question and answer
Why is the federal income tax a progressive tax? A. A higher income has more deductions. B. A higher income pays a lower rate. C. Corporations can lower their taxable income. D. A higher
income pays a higher percentage in taxes.
Why is the federal income tax a progressive tax? D. A higher income pays a higher percentage in taxes. The federal income tax is what the federal government takes out of your annual income as a tax. A progressive tax is that as you make more money you pay a higher percentage of your income. Really poor people don't pay taxes and as you make more money you pay a higher percentage of your
Question
Asked 12/5/2012 10:47:49 PM
Updated 12/5/2012 11:22:50 PM
1 Answer/Comment
Get an answer
New answers
Rating
0
Why is the federal income tax a progressive tax?
D. A higher income pays a higher percentage in taxes.

The federal income tax is what the federal government takes out of your annual income as a tax. A progressive tax is that as you make more money you pay a higher percentage of your income. Really poor people don't pay taxes and as you make more money you pay a higher percentage of your taxable income.
read more:
Added 12/5/2012 11:22:50 PM
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
Working where we want to is an example of which economic goal? A. economic freedom B. economic growth C. economic security D. economic equity
Weegy: Working where we want to is an example of the economic goal of: A. economic freedom. (More)
Question
Expert Answered
Updated 2/26/2014 6:11:13 PM
0 Answers/Comments
How can specialization benefit an economy? A. It stops unemployment. B. It makes production more efficient. C. It leads to competition. D. It makes labor easier to control.
Weegy: Specialization can benefit an economy in that: B. It makes production more efficient. (More)
Question
Expert Answered
Updated 2/26/2014 6:10:20 PM
0 Answers/Comments
What do people supply in return for factor payments? A. innovation, profit, or goods B. land, labor, or capital C. services, goods, or traditions D. innovation, labor, or trade
Weegy: The answer is letter D. innovation, labor, or trade (More)
Question
Expert Answered
Updated 12/7/2012 10:18:20 PM
1 Answer/Comment
People supply LAND, LABOR, OR CAPITAL in return for factor payments.
Added 12/7/2012 10:18:20 PM
This answer has been added to the Weegy Knowledgebase
Rated good by cailabrown
An economy in which all the boys become farmers when they are adults, just as their fathers and grandfathers did, would be an example of a A. free market economy B. command economy C. traditional economy D. centrally planned economy
Weegy: An economy in which all the boys become farmers when they are adults, just as their fathers and grandfathers did, would be an example of a: C. traditional economy. (More)
Question
Expert Answered
Updated 2/26/2014 6:08:59 PM
1 Answer/Comment
yayang0405, According to Weegy rules please restate the question as the part of your answer.
Please read the Weegy basic rules
Added 12/5/2012 2:55:10 AM
20,696,747 questions answered
Weegy Stuff
S
Points 166 [Total 696]| Ratings 0| Comments 166| Invitations 0|Offline
S
1
Points 58 [Total 450]| Ratings 1| Comments 48| Invitations 0|Offline
S
P
C
L
P
L
1
P
P
1
P
1
Points 41 [Total 8787]| Ratings 0| Comments 41| Invitations 0|Online
S
1
L
L
Points 19 [Total 8202]| Ratings 0| Comments 19| Invitations 0|Offline
S
L
Points 11 [Total 3765]| Ratings 0| Comments 11| Invitations 0|Offline
S
Points 10 [Total 179]| Ratings 1| Comments 0| Invitations 0|Offline
S
Points 5 [Total 233]| Ratings 0| Comments 5| Invitations 0|Offline
S
Points 3 [Total 23]| Ratings 0| Comments 3| Invitations 0|Offline
S
Points 1 [Total 9]| Ratings 0| Comments 1| Invitations 0|Offline
S
Points 1 [Total 127]| Ratings 0| Comments 1| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.