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Fiona is studying how income taxes impact various families and their finances .she creates a table with various amounts of taxes owed and estimates that this represents 9%of each familys gross income

Sagot :

Income tax is the tax that is imposed by the government on the income that is generated by individuals and businesses.

What is a tax?

Your information is incomplete. Therefore, an overview of a tax will be given. It should be noted that a tax is a compulsory levy that is paid by individuals and businesses.

Also, income tax is the tax that is imposed by the government on the income that is generated by individuals and businesses. This is important to generate revenue for the government.

Learn more about tax on:

https://brainly.com/question/25783927

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