Wgu c239 topic 1 stuvia - Study guides, Class notes & Summaries

WGU C239 Topic 1& 2 Advanced Tax Questions and Answers 100% CorrectWGU C239 Topic 1& 2 Advanced Tax Questions and Answers 100% CorrectWGU C239 Topic 1& 2 Advanced Tax Questions and Answers 100% CorrectWGU C239 Topic 1& 2 Advanced Tax Questions and Answers 100% CorrectWGU C239 Topic 1& 2 Advanced Tax Questions and Answers 100% CorrectWGU C239 Topic 1& 2 Advanced Tax Questions and Answers 100% Correct What qualifies as a tax? - ANSWER-Is to fund the government agencies that's required, imposed b...

What qualifies as a tax? - ANSWER-Is to fund the government agencies that's required, imposed by a government and not tied directly to the benefit received by the taxpayer. Earmarked tax - ANSWER-a tax that is assessed for a specific purpose Tax base - ANSWER-Is the item being taxed x the tax rate Flat tax - ANSWER-A tax in which a single tax rate is applied throughout the tax base Graduated taxes - ANSWER-taxes in which the tax base is divided into a series of monetary amounts, or ...

True or False A common example of an employment related tax is the Medicare tax. - ANSWER-True Which of the following is not an example of a graduated tax rate structure? a. Progressive tax rate structure b. Proportional tax rate structure c. U.S. Federal Income Tax d. Regressive tax rate structure e. None of the choices are correct - ANSWER-Proportional tax rate structure, also known as a flat tax Which of the following is false? a. A proportional tax rate structure imposes a c...