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Can somebody help me understand this? It needs to be turned in by tomorrow 5.1 application Progressive Tax Worksheet 2018 [ Compatibility Mode] - Word

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Can somebody help me understand this? It needs to be turned in by tomorrow

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5.1 application Progressive Tax Worksheet 2018 [ Compatibility Mode] - Word Mamaril, Rhianna File Home Insert Design Layout References Mailings Review View Help . Tell me what you want to do Sha Surgeon $200,000.00 32% $64,000 CEO of a large corporation $750,000.00 37% $277,500 Regressive Tax System Now imagine that the income tax was regressive, and the percentage that each person paid was reversed so that the richest people paid the least. Apply the percentages from the previous table in reverse order as follows: Apply the CEO's tax rate to the sales clerk and vice versa Apply the surgeon's tax rate to the cashier and vice versa Apply the sales manager's tax rate to the automotive technician and vice versa Occupation Salary Percentage Total Tax Part time sales clerk $4,500 % Fast-food restaurant cashier $15,000.00 % Automotive technician $38,000.00 % Sales manager $83,000.00 % Surgeon $200,000.00 % CEO of a large corporation $750,000.00 Proportional Tax System Now imagine that the income tax was proportional, and everyone paid 15%. How much tax would each person pay? Occupation Salary Percentage Total Tax Part time sales clerk $4,500 % Fast-food restaurant cashier $15,000.00 % Automotive technician $38,000.00 % Sales manager $83,000.00 % Surgeon $200,000.00 % CEO of a large corporation $750,000.00 % Part II: Which Tax System Do You Support? Using the information you learned in this topic, decide which tax program (progressive, regressive, or proportional) you support. Compose a paragraph (7-8 sentences) below, advocating your position. In your paragraph, explain the basic concepts for your tax program and clearly detail why this program benefits American citizens and the U.S.as a whole. 394 words DX 100 Type here to search x ]] WE 10:21 AM 5/27/2021

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