If the Tax Rate Increases with an Increase in the Tax

question 54

Multiple Choice

If the tax rate increases with an increase in the tax base,the tax is said to be:

• A)regressive in nature.
• B)a progressive tax.
• C)a proportional tax.
• D)an indirect tax.
• E)inequitable in nature .

---

Definitions:

Federal Laws

Laws created and enforced by the federal government of a country.

Factors

Elements or conditions that contribute to producing a specific outcome or effect.

Notes Receivable

Financial assets representing amounts owed to the holder by others through formal written promises to pay at a future date.

Credit Period

The time frame allowed by a seller for a buyer to pay for goods or services, typically expressed in days.