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Author Question: Suppose that the income tax in the United States was such that all households had to pay 20 percent ... (Read 110 times)

misspop

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on: Jun 29, 2018
Suppose that the income tax in the United States was such that all households had to pay 20 percent of their income to the government as taxes. This tax is an example of
 
  A) a regressive tax.
  B) a proportional tax.
  C) a progressive tax.
  D) an efficient tax.

Question 2

The present value of a stream of future revenues varies ________ with the future revenues and ________ with the interest rate.
 
  A) inversely; inversely
  B) directly; directly
  C) inversely; directly
  D) directly; inversely


otokexnaru

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


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