Steve Berry Recently Purchased a New Boat

question 199

Multiple Choice

Steve Berry recently purchased a new boat. This type of purchase would be made using Steve's ____ income.

• A) gross
• B) personal
• C) disposable
• D) net
• E) discretionary

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Definitions:

Maximum Number

The highest attainable or allowed number, often used in contexts like optimizing outputs, capacities, or selections.

Progressive

A term often used to describe a tax system where the rate increases as the taxable amount increases, typically aimed at reducing income inequality.

Regressive

A characteristic of a tax system where the tax rate decreases as the taxable amount increases.

Tax Cuts

Reductions in the amount of taxes imposed by a government on its citizens, often aimed at stimulating economic growth or achieving specific policy objectives.