Which of the Following Is an Example of a Regressive

question 28

Multiple Choice

Which of the following is an example of a regressive tax?

• A) income tax
• B) Medicare tax
• C) sales tax
• D) payroll tax

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Definitions:

Markup-Based

Referring to a pricing strategy where the selling price of a product is determined by adding a specific amount or percentage to its cost.

SWOT Analysis

An analytical framework that assesses a business’s internal Strengths and Weaknesses, as well as its external Opportunities and Threats, to aid in strategic planning.

Outlook

An individual's perspective or attitude towards particular situations or the general anticipation of future events.

Social Media Monitoring

The process of using tools and techniques to observe, analyze, and respond to mentions and trends on social media platforms.