1. Calculate the percentage of income paid in tax. Is this an example of a progressive, regressive or proportional tax? Explain.

Income Amount of Tax Percentage of income paid in Tax

10,000 2,000

50,000 2,000

100,000 2,000

2 Calculate the percentage of income paid in tax. Is this an example of a

progressive, regressive or proportional tax? Explain.

Income Amount of Tax Percentage of income paid in Tax

10,000 1,000

50,000 10,000

100,000 30,000

3Calculate the percentage of income paid in tax. Is this an example of a progressive, regressive or proportional tax? Explain.

Income Amount of Tax Percentage of income paid in Tax

10,000 2,000

50,000 10,000

100,000 20,000

4. Which type of tax structure is based upon the ability to pay principle?

5 Should the Federal government allocate an additional 800 million dollars' worth of US resources to support Ukraine in its war with Russia?

1. Tax Terminology:
2. Effective Tax Rate
3. Marginal Tax Rate
4. Average Tax Rate
5. Taxable Income
6. Gross Income
7. Adjusted Gross Income
8. Standard Deduction
9. Itemized Deductions
10. Tax Credit
11. Bracket Creep