131k views
4 votes
All of a country’s citizens pay the businessesgovernmentinsurance companies an income tax that is 7% of their annual earnings. This tax is an indirecta progressivea proportionala regressive tax.​

2 Answers

0 votes

Answer:

government, a proportional

Step-by-step explanation:

User Haravikk
by
8.6k points
1 vote

Answer: All of a country's citizens pay the government an income tax that is 7% of their annual earnings. This tax is a Proportional tax.

Step-by-step explanation:

The government of a country receives revenue in many forms. With this revenue, the government provides services to the people of the country and works for their betterment. One of the modes of income of the government is the taxes that the people pay to the government.

The citizens of the country have to pay a certain percentage of the income that they on an annual basis. That percentage is 7% of the annual earnings to the government in the form of taxes. This form of tax is proportional tax because only a certain proportion of the total income is to be paid by the people to the government. In return the government has to provide services like building roads, tracks, providing street lights and so on which is to make the lives of the people easier and better.

User Wycleffsean
by
8.5k points

Related questions

asked Jul 14, 2019 59.7k views
Zada Zorg asked Jul 14, 2019
by Zada Zorg
7.8k points
2 answers
5 votes
59.7k views
asked Dec 23, 2023 117k views
Snackmoore asked Dec 23, 2023
by Snackmoore
8.5k points
1 answer
0 votes
117k views