A-LevelEconomicsGovernment microeconomic intervention9708/12 · Oct/Nov 2018 · Q151 Mark
The income tax structure of a country has two elements. 1 The first $20000 of earned income is not taxed. 2 Any income earned above $20000 is taxed at 20%. What would be a correct description of this tax structure?
Aprogressive tax on incomes of more than $20000
Bprogressive tax throughout the whole income range
Cproportional tax on incomes of more than $20000
Dregressive tax throughout the whole income range
✓ Correct answer
A: progressive tax on incomes of more than $20000
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