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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.

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bakert18518

Answer:D: It would not affect gross income.

Lanuel

The effect which a tax increase would have on income is that: D. It would not affect gross income.

What is an income?

An income can be defined as the amount of money that a person such as an employee, worker, or entrepreneur earn over a specific period of time.

Generally, there are two main types of income and these include the following:

  • Net income
  • Gross income

In conclusion, the effect which a tax increase would have on a person's income is that it would not affect gross income because it has been deducted already.

Read more on tax here: https://brainly.com/question/25783927

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