In: Accounting
Question 20
A regressive tax:
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Question 21
The two sources that contribute roughly 80 percent together of total tax revenues are:
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Question 22
The marginal tax rate refers to the tax rate charged on the:
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Question 23
A payroll tax is a tax on the:
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Question 24
FICA, the tax that supports Medicare and Social Security, is generally:
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Question 20
Answer :- Option C
A Regressive tax is leaved so that low income taxpayers pay a greater proportion of tax than high income taxpayers
Question 21
Answer :- Option A
The two sources that contributes roughly 80% together of total tax revenues are " Personal income tax & Payroll tax"
Question 22
Answer :- Option A
The marginal tax rate refers to the rate charged on the last dollar a taxpayer earns
Question 23
Answer :- Option C
A Payroll tax is the tax on the wages paid to an employee
Question 24
Answer :- Option C
FICA , The tax that supports Medicare and social security , is generally Regressive