Fiscal Policy: Taxes

Question 8 • OK-Personal Financial Literacy S1 – EDGNTY-83861 26-27

Which statements best describe sales tax? Check all that apply.

Answer

Sales tax does not affect low-income groups.

Sales tax is an indirect tax levied on goods and certain services.

Sales tax is a type of regressive taxation.

Sales tax is a direct tax paid by consumers to the government.

Sales tax affects high-income groups.

Fiscal Policy: Taxes

Monetary Policy: The Federal Reserve

Fiscal Policy: Taxes