Table 20.1
Taxable Income Range Marginal Tax Rate
$0 to $10,000 12%
$10,001 to $24,500 18%
$24,501 to $68,000 27%
$68,001 and above 38%
The table shows the taxable income range and marginal tax rates for a single taxpayer in Oceania.
There are no exemptions or deductions on personal income taxes in Oceania.
Refer to Table 20.1. The income tax in Oceania is
A. a flat tax.
B. progressive.
C. regressive.
D. proportional.