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  3. Study Set
    Economics Principles and Policy Study Set 2
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    Exam 17: Taxation and Resource Allocation
  5. Question
    A Payroll Tax with a 4
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A Payroll Tax with a 4

Question 14

Question 14

Multiple Choice

A payroll tax with a 4.5 percent tax rate and exemption for income above $42,000 is


A) a progressive tax.
B) an indirect tax.
C) a regressive tax.
D) a proportional tax.

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