Suppose an income tax is imposed that takes $2,000 from someone with an income of $20,000, $2,500 from someone with an income of $30,000, and $4,000 from someone with an income of $80,000. This tax would be classified as

Regressive tax

Explanation:

Regressive tax refers to a tax regime where the tax rate reduces as the level of income increases.

In the above scenario, the income tax rates are:

$20,000 income = 2,000 / 20,000 = 10%

$30,000 income = 2,500 / 30,000 = 8.3%

$8,000 income = 4,000 / 80,000 = 5%

Notice how the tax rates reduced as the income earned went up. This is why this is a regressive tax regime.

the answer is d

explanation:

since the options are not listed, when you are working on your budget you should also add water, tv, internet, miscellaneous and your 'fun' money for in your budget. when budgeting, you need to allow for fun money, and mis/accidental money so that you stick to the budget and not go crazy because you feel strapped to the budget.