Multiple Choice
Which of the following is a regressive tax?
A) A state tax of 5 percent of income.
B) A local sales tax of 5 percent.
C) The federal individual income tax.
D) A federal flat tax of 30 percent.
Correct Answer:
Verified
Correct Answer:
Verified
Q104: The largest revenue source in the U.S.
Q105: Exhibit 16-3 Income for two persons <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX9287/.jpg"
Q106: Exhibit 16-4 Marginal tax rate lines <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX9287/.jpg"
Q107: The ability-to-pay philosophy of taxation argues for
Q107: The ability-to-pay philosophy of taxation argues for
Q108: A proportional tax charges the same percentage
Q110: The three major revenue sources for the
Q111: Since the 1950s, total expenditures in the
Q112: Exhibit 16-4 Marginal tax rate lines <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX9287/.jpg"
Q255: Which of the following is the largest