The AutoFormat as You Type Feature Automatically Applies Built-In Formats

question 44

True/False

The AutoFormat As You Type feature automatically applies built-in formats to text as you type.

---

Definitions:

Regressive Tax

A tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases, disproportionately affecting those with lower incomes.

Social Security Tax

A payroll tax collected to fund the Social Security program, charged to both employers and employees.

Sales Tax

A tax imposed by a government on sales of goods and services, collected by the retailer and passed on to the state or local government.

Proportional Rate Structure

A tax system where the tax rate is the same for all income levels, meaning everyone pays the same percentage of their income in taxes, regardless of how much they earn.