Question

If Sid earns $1,500,000 and pays $450,000 in taxes and Nancy earns $80,000 and pays $20,000 in taxes, what type of tax system does this situation represent? progressive proportional regressive none of the above Question 22 (2.5 points) If the misery index is 5.1% and the rate of inflation is 3.1%, what is the unemployment rate? 3.1% 2.0% 5.1% 8.2%

Answer 1

21. Progressive

Higher the income higher are the taxes

22. 2.0%

Unemployment rate = misery index - inflation rate

= 5.1 - 3.1 = 2%