Which of the Following Is a Progressive Tax

question 3

Multiple Choice

Which of the following is a progressive tax?

• A)The federal income tax.
• B)The Social Security tax.
• C)Local sales taxes.

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Definitions:

Level 2 Input

Inputs other than quoted market prices included within Level 1 that are observable for the asset or liability, directly or indirectly, such as quoted prices for similar assets or liabilities.

Interest Rates

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the outstanding loan.

Yield Curves

Graphs showing the relationship between interest rates and the time to maturity of debt securities.

Bid-Ask Prices

The prices at which buyers are willing to purchase (bid) and sellers are willing to sell (ask) financial securities in the markets.