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Question 2(Multiple Choice Worth 5 points)
(01.07 MC)
Suppose you live in a country with a proportional tax system. You make $20,000 a year and pay $5,000 in taxes. Your
friend makes twice as much money as you. What amount can your friend expect to pay in taxes this year?
A. $2,500
B. $5,000
C. $10,000
D.$20,000

Respuesta :

Answer: C. $10,000

Explanation:

Proportional tax system means you pay a certain percent of what you earn, in this case it is 25%. Therefore your friend making twice as much as you will be taxed twice as much as you, making the answer C. $10,000.

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