Many States Use the Sales Tax,which

question 23

Multiple Choice

Many states use the sales tax,which

• A)places a relatively heavy burden on lower-income citizens.
• B)is usually applied to mortgage payments,which bring in the largest percentage of revenue from sales taxes.
• C)accounts for about half of state revenue for all states combined.
• D)is a progressive tax.
• E)None of these answers is correct.

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Definitions:

Time Period

A specific duration or interval of time over which certain events or processes occur or are measured.

Sales Budget

An estimate of future sales, often broken down into units and revenue, used for planning and control purposes within a business.

Budget

An estimation of revenue and expenses over a specified future period of time, used for financial planning and control.

Good Management

The effective and efficient administration of a company's resources, leading to the achievement of organizational goals.