Asked by Sierra Summers on Jun 17, 2024



The federal income tax is an example of a:

A) Flat tax structure.
B) Proportional rate structure.
C) Regressive rate structure.
D) Progressive rate structure.

Progressive Rate Structure

A tax system where the tax rate increases as the taxable amount increases, resulting in those with higher incomes paying a higher rate of tax on their income.

Federal Income Tax

A tax levied by the U.S. government on the annual earnings of individuals, corporations, trusts, and other legal entities, based on their income levels.

  • Comprehend the theory behind progressive, proportional, and regressive taxation structures.

Verified Answer

billa koushik

Jun 19, 2024

Final Answer :
Explanation :
The federal income tax is a progressive rate structure. This means that higher-income earners pay a larger percentage of their income in taxes than lower-income earners. The tax rate increases as income increases, with different brackets for different levels of income.