Find the synonym of the underlined word.
A progressive tax applies greater tax rates to larger incomes than to smaller ones.

Forecasts

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Wastes

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Devotes

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Employs

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Involves

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D Involves
'Apply' means applicable or relevant.
"Prices do not apply to public holiday periods."
In this context, A progressive tax applies greater tax rates to larger incomes than to smaller ones means that A progressive tax enforces or relates to or involves greater tax rates to larger incomes. So, option E is correct and the other options are not.

Suggest Corrections

Similar questions

Q. Find the synonym of the underlined word.
The man neglected to file his income tax form and therefore had to pay a fine.

Q. Find the synonym of the underlined word.
We must not neglect to file our income tax if we don't want to pay a fine.

Q. Which of the following best completes the passage below?
One tax-reform proposal that has gained increasing support in recent years is the flat tax, which would impose a uniform tax rate on incomes at every level. Opponents of the flat tax say that a progressive tax system, which levies a higher rate of taxes on higher-income taxpayers, is fairer, placing the greater burden on those better able to bear it. However, the present crazy quilt of tax deductions, exemptions, credits, and loopholes benefits primarily the high-income taxpayer, who is consequently able to reduce his or her effective tax rate, often to a level below that paid by the lower-income taxpayer. Therefore, ___.

In a country’s income tax system, an individual can earn Rs. 20,000, before paying taxes. The marginal rate of tax is 25% on income up to Rs. 50,000 and 50% on income greater than that. How much tax will an individual pay if she earns Rs. 1,00,000?

Q. Find the synonym of the underlined word.
Property taxes are assessed on homes as a source of revenue.

Join BYJU'S Learning Program

Find the synonym of the underlined word.A progressive tax applies greater tax rates to larger incomes than to smaller ones.

Find the synonym of the underlined word.
A progressive tax applies greater tax rates to larger incomes than to smaller ones.