Answer to Question #300643 in Macroeconomics for Pam

Question

Which one of the following statements about tax is true?

A. Proportional tax is when everybody pays the same amount of tax.

B. Income tax is levied on a yearly basis.

C. Excise tax is a progressive tax.

D. Regressive tax is when all taxpayers pay the same rate.

Answer 1

B. Income tax is levied on a yearly basis.