Which of the Following Is the Best Description of the U.S.tax

question 50

Multiple Choice

Which of the following is the best description of the U.S.tax system?

• A)The federal income tax is regressive,but sales,property,and other taxes tend to be progressive.
• B)The U.S.tax system is consistently progressive.
• C)The federal income tax is progressive,but sales,property,and other taxes tend to be regressive.
• D)The U.S.tax system is consistently regressive.

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Definitions:

Client-Visits

The number of times clients or customers physically visit a business or service location, often used as a metric in service-based industries.

Personnel Expenses

Costs related to the compensation of employees, including wages, benefits, and taxes.

Planning Budget

A budget created for a particular level of activity; it helps management to plan for upcoming expenses and revenues based on projected operations.

Selling and Administrative Expenses

Costs incurred by a company not directly tied to the production of goods or services, including sales, marketing, and administrative functions.