Which of the Following Is True of Sales Taxes

question 19

Multiple Choice

Which of the following is true of sales taxes?

• A) Lower income families are more affected by increases.
• B) They are considered progressive when food items are excluded.
• C) Sales taxes are returned to the counties in which they were collected
• D) They are unimportant to most Texans.
• E) They are fair for all Texans.

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Definitions:

Market Conditions

The various economic and social factors that influence the demand and supply of products and services, including market trends, consumer preferences, and economic indicators.

Plant Capacities

The maximum output or production ability of a manufacturing facility or plant within a given time period.

Cost Leadership

A competitive advantage strategy by minimizing operational costs to offer products or services at the lowest price in the market.

Manufacturing Facilities

Locations where products are produced or assembled.