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As your income rises, _______.
a. Your taxes will stay about the same
b. The amount of taxes you pay increases
c. Your tax bracket will fall to a lower rate
d. None of the above
Answer
As your income rises, the amount of taxes you pay increases.
The correct option among all the options given in the question is option "b".
In most countries around the globe it is true that the taxes are normally taken as a percentage of the total income that a person earns.
So with the increase in the amount of yearly income the amount of tax paid always increases.
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Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017
This 36 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 225 views.