Multiple Choice
Characteristics of the "fair tax" (i.e., national sales tax) include which, if any, of the following:
A) Abolition of the Federal individual (but not the corporate) income tax.
B) Abolition of all Federal income taxes but retention of payroll taxes (including the self-employment tax) .
C) Abolition of all Federal income taxes and payroll taxes but retention of the Federal estate and gift taxes.
D) Abolition of all Federal income and payroll taxes as well as the Federal estate and gift taxes.
E) None of these.
Correct Answer:

Verified
Correct Answer:
Verified
Q62: The principal objective of the FUTA tax
Q63: Taxes levied by both states and the
Q64: Because the law is complicated, most individual
Q65: Using the following choices, show the justification
Q66: The formula for the Federal income tax
Q68: Using the following choices, show the justification
Q69: A use tax is imposed by:<br>A)The Federal
Q70: Like the Federal counterpart, the amount of
Q71: The FICA tax (Medicare component) on wages
Q72: Using the following choices, show the justification