Define Australia’s progressive tax system.*1 pointThe rate of tax for all individuals is 30 per cent.As individuals earn a higher amount of income, the rate of tax increases.As individuals earn a higher amount of income, the amount of tax decreases.As individuals earn a higher amount of income, the rate of tax decreases.

Which of the following best describes a progressive tax system?*1 pointAll taxpayers pay the same percentage of their income as taxHigh-income earners pay a smaller percentage of their income than low-income earnersHigh-income earners pay a larger percentage of their income than low-income earnersThe tax rate decreases as the taxpayer's income increases

How does a progressive taxation system work?A.It makes all citizens pay the same percentage of their income in taxes.B.It makes less wealthy citizens pay a higher percentage of their income in taxes.C.It makes wealthier citizens pay a higher percentage of their income in taxes.D.It requires all citizens to pay all of their income in taxes for redistribution.

If the richest 10% of people pay 30% of income tax, then the taxation system is progressive.A, Definitely yesDefinitely yesB, Absolutely notAbsolutely notC, Not necessarilyNot necessarily

Suppose the income tax schedule in Australia is:IncomeTax on this income0-$20,000None$20,000 and above30 cents per dollar of income over $20,000 Your income in 2022 was $30,000. Inflation between 2022 and 2023 is 10% and your pre-tax income rises between 2022 and 2023 at the inflation rate.Group of answer choicesYour after-tax income increases by less than 10%Your after-tax income is unchanged.Your after-tax income increases by 10%Your after-tax income increases by more than 10%

Which kind of person would pay a higher rate with a progressive tax?A.A person with a low incomeB.A person with few dependentsC.A person with many dependentsD.A person with a high income