The most common term for a consumption tax is:

Name: The most common term for a consumption tax is:
Brand: Quizplus
Rating: 4.9 (55 reviews)

Question

Quizplus · Accepted Answer

The most common term for a consumption tax is a sales tax, as it is a tax levied on goods and services at the point of sale. Wealth tax is a tax on an individual's net worth, and progressive tax is a tax system where the tax rate increases as the income of the taxpayer increases. Income tax is a tax levied on an individual's income from various sources.

The Most Common Term for a Consumption Tax Is