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:

Gear Teeth

The protruding elements found on the circumference of a gear wheel, which interlock with those of another gear to transmit torque and motion.

Circular Thickness

The measurement of the thickness of a circular object or element, typically observed in cross-section.

Diametral Pitch

A value describing the ratio of the number of teeth of a gear to the diameter of the pitch circle, used in the design and specification of gears.

Circumference

The perimeter or boundary line of a circle, often measured to understand the size or to describe the distance around it.