A Cash-Flow Tax Is

question 1

Multiple Choice

A cash-flow tax is:

• A)a modified version of a consumption tax.
• B)a modified version of an income tax.
• C)a tax that allows some savings to be excluded from tax.
• D)both (a) and (c) are correct.

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Definitions:

Scholarship

Financial support awarded to a student based on academic achievement or other criteria to help fund their education.

Alumni

Former students or graduates of a particular school, college, or university, often forming an association to maintain connections with their institution.

Sorting Mechanism

A process or system used to classify, organize, or rank individuals or groups based on certain criteria.

Technological Advancements

Progress or innovation in technology that enhances efficiency, productivity, or brings new tools and methods into use.