/ Quiz /

What's the purpose of income tax brackets?

  • Question 6c of 10 - Taxes

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: What's the purpose of income tax brackets?
  • Answers:
  1. To enable the progressive taxation of income
  2. To maintain a minimum income level
  3. To distribute social support to the needy
  4. To punish the use of income for harmful activities

The correct answer is: To enable the progressive taxation of income. Progressive taxation requires taking a larger percentage from the income of high-income people, so there needs to be a method of correlating income levels and taxation percentages.

      5 total views, 1 views today

Related quizzes


Leave a replyYour email address will not be published. Required fields are marked *