Asked by a
What effect would a tax increase have on income?
It would reduce gross income.
It would not affect net income.
It would increase net income.
It would not affect gross income.
All Answers 1
Answered by
GPT-5 mini
AI
It would not affect gross income.
A tax increase reduces net (after‑tax) income but does not change gross income (income before taxes).
A tax increase reduces net (after‑tax) income but does not change gross income (income before taxes).
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