Which of the Following Taxes Is Most Likely to Be

question 201

Multiple Choice

Which of the following taxes is most likely to be regressive?

• A)personal income taxes
• B)corporate income taxes
• C)estate taxes
• D)general sales taxes

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Definitions:

Bond Sinking Fund

A fund set up by an issuer of a bond in which money is saved over time for the sole purpose of redeeming or buying back some or all of the bonds prior to their maturity.

Bond Sinking Fund

A method employed by issuers of bonds to set aside money over time to retire their debt at maturity.

Retired Immediately

A term typically referring to the full settlement or pay off of an obligation or liability at the time of its maturity.

Carrying Value

The book value of an asset on a company's balance sheet, calculated as the original cost minus accumulated depreciation or amortization.