The Federal Government and Some State Governments Levy Taxes on Specific
The federal government and some state governments levy taxes on specific goods such as petrol,cigarettes,and beer.These are known as -.
A) sales taxes
B) sin taxes
C) specific taxes
D) excise taxes
The term 'payroll taxes' is often used to refer to
A) individual income taxes that are withheld from paychecks.
B) corporate income taxes.
C) Social Security and Medicare taxes.
D) sales taxes.
How does a regressive tax impact people with lower incomes?
A) They pay a higher percentage of their incomes in tax than do people with higher incomes.
B) They pay a lower percentage of their incomes in tax than do people with higher incomes.
C) They pay the same percentage of their incomes in tax as do people with higher incomes.
D) They do not have to pay unless their incomes exceed a certain amount.
Since lower-income people spend a larger proportion of their incomes on groceries than do higher-income people,if grocery stores were required by law to charge a 10-cent fee for disposable bags,this fee could be considered
A) a proportional tax.
B) a progressive tax.
C) a regressive tax.
D) an income tax.