Which Statement Best Describes a Progressive Tax

question 48

Multiple Choice

Which statement best describes a progressive tax?

• A) The amount of tax rises equally as the income rises.
• B) The rate of tax rises as the income rises.
• C) The more goods and services you purchase, the more you pay.
• D) The rate of tax is the same for all payers.

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Definitions:

PLM

Product Lifecycle Management, a strategic approach to managing the series of changes a product goes through, from its design and development to its ultimate retirement.

POM

Principles of Management; these are fundamental guidelines for the management of an organization concerning its mission, vision, and objectives.

TPS

Acronym for Transaction Processing Systems, which are software and hardware systems designed for processing business transactions efficiently and accurately.

Audits

Inspections or examinations of accounts, records, or processes to assess compliance with established standards or regulations.