Which of the Following Is Generally Considered the Most Regressive

question 51

Multiple Choice

Which of the following is generally considered the most regressive type of tax?

• A)Gift tax
• B)The federal income tax
• C)Sales tax
• D)Payroll tax
• E)Estate tax

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Definitions:

Sharing Economy

The sharing economy is a socioeconomic system that allows individuals to borrow or rent assets owned by someone else, emphasizing access over ownership.

80/20 Rule

A principle, also known as the Pareto Principle, stating that roughly 80% of effects come from 20% of causes, applicable in varied contexts like business, science, and economics.

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Sets of activities and tasks that organizations carry out to accomplish specific organizational goals.

SaaS

Software as a Service, a cloud computing offering that provides users with access to a vendor’s cloud-based software.