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Author Question: During the past century, Congress has also imposed corporate income taxes, which make up just less ... (Read 73 times)

sammy

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on: Jul 8, 2018
During the past century, Congress has also imposed corporate income taxes, which make up just less than ____ of the governments revenues.
 
  a. 75 percent
  b. 5 percent
  c. 35 percent
  d. 10 percent
  e. 55 percent

Question 2

How does a flat tax differ from a regressive tax?
 
  a. Flat taxes are illegal in the United States but are widely used in Europe.
  b. Flat taxes are attached only to the sale of goods and services.
  c. Flat taxes tax all entities at the same rate as a proportion of income, whereas with regressive taxes the rate changes according to income level.
  d. Flat taxes bring in far less revenue than do regressive taxes.
  e. Flat taxes are very popular with Americans, whereas regressive taxes are not.


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pocatato

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Reply #1 on: Jul 8, 2018
Answer to Question 1

ANS: D

Answer to Question 2

ANS: C


sammy

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Reply 2 on: Jul 8, 2018
YES! Correct, THANKS for helping me on my review

lkanara2

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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