What Is the Gross Margin for 2018

question 30

Multiple Choice

What is the gross margin for 2018?

• A) $135,000
• B) $46,000
• C) $163,000
• D) $149,000

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Definitions:

Regressive Tax

A tax that takes a smaller share of the income of high-income taxpayers than of low-income taxpayers.

Progressive Tax

A tax that takes a larger share of the income of high-income taxpayers than of low-income taxpayers.

Benefits Principle

The principle of tax fairness by which those who benefit from public spending should bear the burden of the tax that pays for that spending.

Federal Tax

Taxes levied by the national government on income, sales, property, and other activities.