From the Time of Benjamin Franklin to the Present, the Percentage

question 148

Multiple Choice

From the time of Benjamin Franklin to the present, the percentage of the average American's income that goes to pay taxes has

• A)decreased from about 20 percent to about 10 percent.
• B)remained constant at about 10 percent.
• C)has risen from less than 2 percent to about 33.3 percent.
• D)has risen from less than 5 percent to about 25 percent.

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Definitions:

Stored Goods

Items that are kept in a warehouse or other storage location for future use, sale, or distribution.

Stolen Article

An item that has been taken without permission, leading to the loss of ownership or possession by the rightful owner.

Fair Market Price

The price of a good or service that is agreed upon by both buyer and seller, under conditions where both have reasonable knowledge of the pertinent facts and neither is under compulsion to transact.

Financial Loss

The decrease in monetary value resulting from an event, transaction, or series of transactions.