Select the Term from Below to Match with the Correct

question 71

Multiple Choice

Select the term from below to match with the correct statement.
-The practice of delegating decision-making authority to lower levels is __________.

• A)centralization
• B)revenue center
• C)profit center
• D)cost center
• E)investment center
• F)decentralization

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Definitions:

Regressive

Pertaining to a tax system where the tax rate decreases as the taxable amount increases, placing a higher burden on lower-income individuals.

Personal Income Tax Revenue

The income generated by the government through the taxation of individuals' earnings.

Earners

Individuals or entities that receive income through work or investments.

Marginal Tax Rates

The tax rate that applies to each additional dollar of income.