Fiscal Policy: Taxes Answers

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proportionally

progressively

regressively

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

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.

Which of these best describes income tax?

regressive tax

indirect tax

direct tax

proportional tax

Property taxes are usually determined based on

the property owner's income.

the amount of money invested in the property.

the earnings generated by the property.

the value of the property.

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