In Their Effect, Sales Taxes Are Considered to Be

question 11

Multiple Choice

In their effect, sales taxes are considered to be:

• A) proportional.
• B) progressive
• C) degressive.
• D) regressive.

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Definitions:

Accounts Payable

Obligations of a company to pay off short-term debts to its suppliers or creditors.

Net Working Capital

This is the difference between a company's current assets and its current liabilities, indicating its short-term financial health and ability to cover short-term obligations.

EBIT

Earnings Before Interest and Taxes, an indicator of company profit excluding costs from interest and income tax.

Net Working Capital

Net working capital is a financial metric that measures a company's ability to pay off its current liabilities with its current assets.