16.1 Markets & the Role of Gov't Unit Test
0.0(0)
Studied by 0 people
Call Kai
Learn
Practice Test
Spaced Repetition
Match
Flashcards
Knowt PlayCard Sorting
1/3
There's no tags or description
Looks like no tags are added yet.
Last updated 1:03 PM on 3/30/26
Name | Mastery | Learn | Test | Matching | Spaced | Call with Kai |
|---|
No analytics yet
Send a link to your students to track their progress
4 Terms
1
New cards
This type of tax imposes the same percentage rate of taxation on everyone, regardless of income. Example? |
Proportional Tax (ex. local income tax) |
2
New cards
This type of tax imposes a higher percentage rate of taxation on higher incomes than on lower ones. Example? |
Progressive Tax (ex. federal income tax) |
3
New cards
What is the name of the government agency responsible for managing the federal income tax? |
The Internal Revenue Service |
4
New cards
What is the name for an expense that you are not required to pay taxes for according to current tax law? |
Tax Deduction |
