Which of the Following Statements About a Flat Tax Rate

question 140

Multiple Choice

Which of the following statements about a flat tax rate on personal income is correct?

• A)A flat tax raises more revenue that a regressive tax.
• B)A flat tax removes the incentives for tax avoidance through loopholes and other mechanisms.
• C)Estonia and Russia have abandoned the use of a flat tax because they were unable to administer it.
• D)When a flat tax rate is combined with a threshold that exempts some income, the rich will pay less under a flat tax system than they do under the present U.S.system.

Recognize correct journal entries for various financial transactions.

Understand the various ethical principles and their applications in the business context.

Distinguish between ethics and morality, and their relevance in personal and professional settings.

Recognize the impact of individual behavior and self-esteem on ethical decision-making.

---

Definitions:

Ethical Decisions

Choices made based on moral principles and values that consider the welfare and rights of others.

Character Traits

Enduring qualities or features of an individual's personality that are evident in their behavior and attitudes.

Ethical Behavior

Acting in ways consistent with societal norms and values, including honesty, fairness, and integrity, particularly in professional settings.

Morally Disengage

The psychological process where individuals justify their unethical actions to themselves or others, thus easing the guilt associated with such behaviors.