The Burden of a Regressive Tax ________ as a Percentage

question 42

Multiple Choice

The burden of a regressive tax ________ as a percentage of income as income ________.

• A) rises; falls
• B) rises; rises
• C) does not change; falls
• D) does not change; rises

Acknowledge the history and scale of the mutual fund industry.

Understand the relationship between investment risk and potential returns.

Recognize the regulatory and informational aspects of mutual funds, including prospectuses, tax reporting, and performance metrics.

Distinguish between mutual funds based on their investment strategies, such as growth, sector, or high-yield bond funds.

---

Definitions:

Chart of Accounts

An organized list of all the accounts in a company’s general ledger used for recording financial transactions.

Asset Accounts

Accounts on the balance sheet representing valuable resources owned by the company expected to provide future benefits.

Three Column Form

A documentation format usually used in accounting and bookkeeping that showcases debits, credits, and balance for individual accounts.

Debit

An accounting entry that either increases an asset or expense account, or decreases a liability or equity account.