if-a-proportional-tax-system-has-a-rate-of-12-for-all-incomes-how-much-tax-is-ow

Question

If a proportional tax system has a rate of 12% for all incomes, how much tax is owed by someone earning $80,000?

Accepted Answer

$9,600

Answer

$10,000

Answer

$8,000

Answer

$12,000

If a proportional tax system has a rate of 12% for all incomes, how much tax is owed by someone earning \$80,000?