All of the Following Are Examples of Regressive Taxes Except

question 71

Multiple Choice

All of the following are examples of regressive taxes except:

• A) Sales tax
• B) Excise tax
• C) Income tax
• D) Property tax

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Definitions:

Direct Method

A method of reporting cash flows from operating activities by showing major classes of gross cash receipts and payments.

Operating Activities

Activities that relate directly to the business's primary operations and functions, including sales, distribution, and production, influencing the day-to-day profitability.

Cash Receipts

The collection of money, including cash and checks, received by a business during a specific period.

Plant Assets

Long-term tangible assets used in the production of goods and services, such as buildings, machinery, and equipment.