If the Size of a Tax Increases, Tax Revenue

question 187

Multiple Choice

If the size of a tax increases, tax revenue

• A)increases.
• B)decreases.
• C)remains the same.
• D)may increase, decrease, or remain the same.

---

Definitions:

Owners

Individuals or entities that hold legal title or possessory rights to assets or properties.

Exerting Effort

The action of applying physical or mental energy to achieve an objective.

Income

The money received, typically on a regular basis, by a person or household for work or through investments.

Fixed Wage Payments

Regular, consistent payments made to employees, not dependent on hours worked or performance levels.