Answers Economics and Personal Finance Practice TestQuestion 1

1

practice testMultiple Choice

Practice Test

Question 1 • Economics and Personal Finance

Which best describes a regressive tax?

Answer

A

a tax that charges high-income earners a lower percentage than low-income earners

B

a tax that charges low-income earners a lower percentage than high-income earners

C

a tax that charges an equal percentage to all

D

a tax that charges earners based on their professions

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