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Name Income Madison $124,000 Hailey $ 45,000 In Exhibit 22-3, if the income tax system is currently proportional, we know that: a. Madison would probably
Name Income Madison $124,000 Hailey $ 45,000 In Exhibit 22-3, if the income tax system is currently proportional, we know that: a. Madison would probably prefer a progressive income tax system while Hailey would probably prefer a regressive income tax system. b. Madison and Hailey would both probably prefer a progressive income tax system. c. Madison would probably prefer a regressive income tax system while Hailey would probably prefer a progressive income tax system. d. Madison and Hailey would both probably prefer a regressive income tax system.Government expenditures are different from the government national income account (G) in that: a. G includes transfer payments while government expenditures does not. b. G includes spending for defense, highways, and education while government expenditures does not. c. government expenditures are net of tax revenue while G is not. d. government expenditures includes transfer payments while G does not
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