Which of the following would be a progressive tax? a. people earning $35,000 pay 10% tax, while people earning $100,000 pay 30% taxb. all people pay a 15% income taxc. people pay percent tax on property, whether it is worth $50,000, $500,000, or $50 milliond. everyone pays a 5% sales tax

A because the tax increases as you make more money

A. People earning $35,000 pay 10% tax, while people earning $100,000 pay 30% tax

Explanation:

Progressive tax is characterized by the percentage difference in collection, which will vary according to income. This way, people with higher incomes will pay a higher tax and people with lower incomes will pay a lower tax rate. Typically, this type of tax has multiple tiers of tax for various types of income. In contrast, regressive tax is characterized by the charging of a homogeneous percentage rate of all persons, regardless of income. Thus, people with lower incomes will pay proportionally more in relation to their income than the richer ones, so it is considered a regressive tax. Therefore the only alternative that represents a progressive tax is alternative (A), where the tax rate is different for income levels. Those with $ 35,000 income will pay 10% and those with higher income $ 100,000 will pay 35% tax.

a ab

the interest will be $59.71

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