Exam (elaborations)
TAX 4001 Exam with Questions and 100% Correct Answers
- Module
- Institution
What are the 2 components of taxes? - ANSWER Tax rate and tax base What are the 3 types of tax rates? - ANSWER Proportional, progressive and regressive Proportional Taxes - ANSWER the rate of tax remains constant over the tax base (sales tax) Progressive taxes - ANSWER Tax rates increase as the ...
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