A 7.25 percent sales tax
A) Is a proportional tax because the rate is the same for all income groups.
B) Is a progressive tax because high-income individuals buy more goods and services than low-income individuals.
C) Is a regressive tax because poor individuals consume a higher percentage of their income than high-income individuals.
D) Does not impose an additional tax burden on most individuals because the sales tax is paid entirely by the seller.
Correct Answer:
Verified
Q84: The fact that landlords are able to
Q85: Compute the tax rates for the
Q86: State and local governments generate most of
Q87: The changes contained in the Tax Relief
Q88: Which of the following was a basic
Q90: A payroll tax
A)Shifts the labor supply curve
Q91: Which of the following is a payroll
Q92: The Bush tax cuts of 2001-2010 contained
Q93: Which of the following is true about
Q94: The Bush tax cuts of 2001-2010 reduced
A)The
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents