American_Bankers_Association
CTFA · Question #29
A tax structure in which the larger the amount of taxable income, the higher the rate at which it is taxed is:
The correct answer is B. Progressive tax structure. See the full explanation below for the reasoning.
Taxation
Question
A tax structure in which the larger the amount of taxable income, the higher the rate at which it is taxed is:
Options
- AMarginal tax rate
- BProgressive tax structure
- CTax bracket
- DImmovable tax structure
How the community answered
(30 responses)- A10% (3)
- B83% (25)
- C3% (1)
- D3% (1)
Topics
#progressive tax#marginal tax rate#tax brackets#taxable income
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