Tom Lewis, a single taxpayer, received $8,400 in gross receipts from his rental property. The expenses for the residential rental property were: Bank mortgage interest $1,200 Real estate taxes 700 Insurance 500 MACRS depreciation 3,500 Tom's total income on his individual tax return will be increased by what amount as a result of the rental activities

a progressive tax is a tax that imposes a lower tax rate on low-income earners compared to those with a higher income, making it based on the taxpayer's ability to pay. that means it takes a bigger percentage from high income earners than it does from low income people.

y=mx+b is the right slope of velocity carry the 4 over

answer; blank(1); /rises; blank(2); //increases;