Answers OK-Personal Financial Literacy S1 – EDGNTY-83861 26-27 Fiscal Policy: Taxes (continued)Question 7

7

QuizMultiple Choice

Fiscal Policy: Taxes (continued)

Question 7 • OK-Personal Financial Literacy S1 – EDGNTY-83861 26-27

How are progressive taxes and regressive taxes similar?

Answer

A

Both charge high-income individuals more.

B

Both are considered flat taxes.

C

Both generate revenue for public services.

D

Both are types of indirect taxes.

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