Which of the Following Is Not an Example of a Regressive

question 56

Multiple Choice

Which of the following is not an example of a regressive tax?

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

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Definitions:

Present Value

The worth today of a sum of money or cash flow expected in the future, using a specified rate of return for the discounting process.

Compounds

Substances formed by the chemical combination of two or more elements.

Real Hourly Compensation

The wages received by a worker, adjusted for inflation, reflecting the actual purchasing power of the earnings.

United States

A country in North America known for its significant global economic, cultural, and political influence, consisting of 50 states and a federal district.