Which of the Following Is an Example of a Progressive

question 44

Multiple Choice

Which of the following is an example of a progressive tax?

• A)​Social Security tax
• B)​federal income tax
• C)​excise tax
• D)​payroll tax

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Definitions:

Loanable Funds Demanded

The total amount of funds sought after by borrowers in the financial market at a given interest rate.

Interest Rate

The percentage of an amount of money charged for its use per period of time.

Investment Projects

Initiatives requiring capital investment aimed at generating economic returns over time, such as infrastructure development, real estate, or new product development.

Capital Goods

Long-lasting goods that are used in the production of other goods and services, such as machinery, buildings, and equipment.