Examlex
Which of the following electronically subtracts money from your savings or checking account to pay for goods and services?
Payroll Tax
Taxes imposed on employers and employees, calculated as a percentage of the salaries that employers pay to their staff.
Regressive
A term typically used to describe tax systems that take a smaller percentage of income as income increases, disproportionately affecting lower-income earners.
Low Income Levels
describe the economic condition where individuals or households earn less than the median income of a specific geographic area, often leading to limited access to basic needs and services.
Corporate Profits Tax
A tax imposed on the net income of corporations.
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