Which of the Following Can Be Classified as a Regressive

question 31

Multiple Choice

Which of the following can be classified as a regressive tax?

• A) Excise tax.
• B) Sales tax.
• C) Gasoline tax.
• D) All of the above.

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Definitions:

Present Value

The present value of a sum of money or a series of cash flows expected in the future, determined using a particular rate of return.

Interest Rate

The percentage charged on borrowed money or paid on invested capital.

Interest Rate

The proportion, typically expressed as a percentage, at which interest is charged by lenders on loans or paid by banks on deposits.

Cash Flows

The total amount of money being transferred into and out of a business, especially as affecting liquidity.