What is a regressive tax Study guides, Class notes & Summaries
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TAX FINAL EXAM QUESTIONS AND ANSWERS
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TAX FINAL EXAM QUESTIONS AND ANSWERS 
which of the following audits is the least common, broadest in scope, and typically 
most complex? 
a. correspondence 
b. targeted 
c. office 
d. field 
e. none of the choices are correct - ANS ️️ Field 
which of the following is an example of a progressive tax system? 
a. social security tax 
b. a sales tax 
c. a proportional tax 
d. U. S federal income tax - ANS ️️ U. S federal income tax 
Deb has found it very difficult to repay her loans. b/c of ...
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FICEP Final: CUNA Review Questions and Answers 2024
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FICEP Final: CUNA Review Questions and Answers 2024 
Select the statement that correctly describes a progressive tax. 
A progressive tax requires people to pay more as they earn more. 
 
 
 
Pick the statement that best describes a regressive tax. 
A regressive tax charges the same tax rate regardless of the taxpayer's income. 
 
 
 
Why are government fees and surcharges sometimes described as a form of tax? 
Because they generate income for the government. 
 
 
 
Which taxing authorities are ...
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FiCEP Final: CUNA Review | 220 Questions with 100% Correct Answers | Verified | Latest Update 2024 | 22 Pages
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Select the statement that correctly describes a progressive tax. - A progressive tax requires people to 
pay more as they earn more. 
Pick the statement that best describes a regressive tax. - A regressive tax charges the same tax rate 
regardless of the taxpayer's income. 
Why are government fees and surcharges sometimes described as a form of tax? - Because they 
generate income for the government. 
Which taxing authorities are worthy of the member's attention? - The member must attend to al...
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FiCEP Final: CUNA Review questions with correct answers
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Select the statement that correctly describes a progressive tax. - Answer A progressive tax requires people to pay more as they earn more. 
 
Pick the statement that best describes a regressive tax. - Answer A regressive tax charges the same tax rate regardless of the taxpayer's income. 
 
Why are government fees and surcharges sometimes described as a form of tax? - Answer Because they generate income for the government. 
 
Which taxing authorities are worthy of the member's attention? ...
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WGU C239 PA, Top Exam Questions and answers, 100% Accurate, GRADED A+ 2024 | 24 Pages
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An individual has taxable income of $60,000. The first $20,000 is taxed at 20%, the next $20,000 is taxed 
at 20%, and all income above $40,000 is taxed at 20%.Which tax structure is being applied to the 
individual's taxable income? 
Base 
Regressive 
Progressive 
Proportional - -Proportional 
Which federal income tax structure imposes an increasing marginal tax rate as the tax base increases? 
Regressive tax 
Incremental tax 
Progressive tax 
Proportional tax - -Progressive 
What would a grap...
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(Top QUALITY 2024/2025 EXAM REVIEW) WGU C239 PA, Top Exam Questions and answers, 100% Accurate, GRADED A+
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WGU C239 PA, Top Exam Questions and 
answers, 100% Accurate, GRADED A+ 
An individual has taxable income of $60,000. The first $20,000 is taxed at 20%, the next $20,000 is taxed 
at 20%, and all income above $40,000 is taxed at 20%.Which tax structure is being applied to the 
individual's taxable income? 
Base 
Regressive 
Progressive 
Proportional - -Proportional 
Which federal income tax structure imposes an increasing marginal tax rate as the tax base increases? 
Regressive tax 
Increment...
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Federal Taxation FINAL Exam With Questions And 100% Correct Answers
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Federal Taxation FINAL Exam With Questions And 100% Correct Answers 
Which of the following characteristics would not be used to describe the generic nature of a "tax"? 
a. Normally, there is a direct relationship between the exaction of revenue and the benefits received by the taxpayer. 
b. A tax is levied on the basis of predetermined criteria. 
c. A tax is levied on the basis of recurring periods. 
d. A tax may be distinguished from a penalty because it is not specifically designed to contr...
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FiCEP Final : CUNA Review
- Exam (elaborations) • 17 pages • 2023
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Select the statement that correctly describes a progressive tax. - Answer- A progressive tax requires people to pay more as they earn more. 
 
Pick the statement that best describes a regressive tax. - Answer- A regressive tax charges the same tax rate regardless of the taxpayer's income. 
 
Why are government fees and surcharges sometimes described as a form of tax? - Answer- Because they generate income for the government. 
 
Which taxing authorities are worthy of the member's attention? - A...
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FiCEP Final : CUNA Review 2023 Complete
- Exam (elaborations) • 14 pages • 2023
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FiCEP Final : CUNA Review 2023 Complete 
 
Select the statement that correctly describes a progressive tax. 
A progressive tax requires people to pay more as they earn more. 
Pick the statement that best describes a regressive tax. 
A regressive tax charges the same tax rate regardless of the taxpayer's income. 
Why are government fees and surcharges sometimes described as a form of tax? 
Because they generate income for the government. 
Which taxing authorities are worthy of the member's atte...
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FiCEP exam 2023 with 100% correct answers
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operating costs 
A tax is defined as a contribution that supports the _____ of a government. 
 
 
 
progressive 
A _____ tax requires a taxpayer to pay more tax as their income increases. (Federal and state income taxes are examples) 
 
 
 
regressive 
A _____ tax charges the same percentage of the cost of a good or service, no matter what the taxpayer earns. (Sales tax, gas taxes, and liquor taxes are examples) 
 
 
 
fees or surcharges 
Sometimes taxes are called _____. 
 
 
 
fee 
A _____ cou...
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