The Term ____ Refers to a Personal Journal Focusing on a Single

question 24

Multiple Choice

The term ____ refers to a personal journal focusing on a single topic or a variety of topics.

• A) wiki
• B) blog
• C) grid
• D) MMS

---

Definitions:

Progressive Income Tax

A tax system in which the tax rate increases as the taxable income increases, aiming to distribute the tax burden more equitably.

Proportional Tax

A tax system where the rate of tax is constant regardless of the amount subject to tax, meaning everyone pays the same percentage of their income.

Local Tax

Taxes imposed by local government entities, such as cities or counties, typically used to fund local services like schools, roads, and public safety.

Business Property

Assets owned by a business, including physical property like real estate and equipment, as well as intangible assets like intellectual property.