Hint | Answer | % Correct |
---|---|---|
Annual taxes levied by the federal government and most state governments on individual and business income. | Income tax | 87%
|
A financial charge on property that the owner is required to pay | Property tax | 73%
|
A financial charge given to citizens by the government or added to the cost of some goods, services, and transaction. | Tax | 40%
|
The more income you earn, the larger percentage of tax you have to pay | Progressive tax | 33%
|
The opposite of progressive tax, the more income you earn, the smaller percentage of tax you have to pay. | Regressive tax | 33%
|
Is a percentage at which an individual and corporation is taxed. | Tax rate | 33%
|
Income tax that levies the same percentage tax to everyone, regardless of income | Proportional tax | 7%
|
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