Silicon Valley,where Numerous Microprocessor Manufacturing Companies Are Located,is in

question 64

Multiple Choice

Silicon Valley,where numerous microprocessor manufacturing companies are located,is in

• A)Oregon.
• B)California.
• C)Texas.
• D)Washington.

---

Definitions:

Tax Rate Structure

Describes how tax rates progress from low to high depending on income levels, assets, or transactions, varying from progressive, regressive, or proportional.

Progressive

A taxation system in which the tax rate increases as the taxable amount increases, often applied to income tax.

Regressive

In taxation, regressive describes a tax that takes a smaller percentage of income as the income increases, often placing more burden on lower-income individuals.

Average Tax Rate

The average tax rate is the percentage of total income paid in taxes, calculated by dividing the total amount of taxes paid by the total income before taxes.