In which situation would a person pay more in income tax than he or she did
the year before?
A. The salary a person earned increased.
B. The number of dependents the person had increased.
C. The amount the person spent on electronics increased.
D. The value of the person's home increased.

Most governments rely on taxes as their primary source of revenue. This money is used to fund public services such as schools, emergency services, and social programs, as well as to repair and maintain public infrastructure, such as the roads we commute on.

Income Tax-

Governments levy income taxes on enterprises and persons operating within their jurisdiction. Income tax is used to fund government services, pay debts, and give commodities to citizens.

Example-

Someone earning $30,000 per year may pay 25% of their income in taxes, whereas someone earning $300,000 or more may pay 35%. Income tax is defined as "a tax on the earned and unearned income of people and trusts" in the Financial Times' glossary of terminology.

The higher your income, the higher the percentage of it that gets taxed.

Learn more about Income Tax here-

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In which situation would a person pay more in income tax than he or she did the year before? A. The salary a person earned increased. B. The number of dependents the person had increased. C. The amount the person spent on electronics increased. D. The value of the person's home increased.

Respuesta :

Why do we pay taxes?

Income Tax-

Example-

Otras preguntas

In which situation would a person pay more in income tax than he or she did
the year before?
A. The salary a person earned increased.
B. The number of dependents the person had increased.
C. The amount the person spent on electronics increased.
D. The value of the person's home increased.