Explore IDNLearn.com to discover insightful answers from experts and enthusiasts alike. Find in-depth and trustworthy answers to all your questions from our experienced community members.

Income tax is an example of which type of tax?

A. Progressive
B. Benefits-received
C. Regressive
D. Proportional


Sagot :

Final answer:

Income tax is an example of a progressive tax that increases as income rises.


Explanation:

Income tax is an example of a progressive tax. In a progressive tax system, the tax rate increases as the taxable base amount increases. This means that individuals with higher incomes pay a higher percentage of taxes.


Learn more about Types of Taxes here:

https://brainly.com/question/30107255


We appreciate your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. Thank you for choosing IDNLearn.com. We’re here to provide reliable answers, so please visit us again for more solutions.