Which of the Following Is an Example of a Regressive

question 33

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:

Wage Rate

The amount of money paid to an employee per unit of time or output.

Total Product

The sum of all output produced by a company or an economy.

MRP Curve

A graphical representation showing the additional revenue generated by employing one more unit of a resource, also known as the Marginal Revenue Product curve.

Wage Rates

The amount of compensation paid to employees for their labor, typically expressed per hour or year.