Asked by
Cayla Wilson
on Oct 13, 2024
Verified
The federal personal income tax is
A) direct and regressive.
B) direct and progressive.
C) indirect and regressive.
D) indirect and progressive.
Direct
Direct refers to an immediate or straightforward method or approach, without involving intermediaries or detours.
Progressive
Supporting or advocating for gradual social, political, or economic reform through governmental action.
Federal Personal Income Tax
The tax levied by the federal government on individuals' income, including wages, investments, and other forms of earnings.
- Learn to differentiate between direct and indirect taxes, including the consequences of each.
- Understand the different categories of taxes (regressive, progressive) and their influence on distinct economic segments.
Verified Answer
DH
Learning Objectives
- Learn to differentiate between direct and indirect taxes, including the consequences of each.
- Understand the different categories of taxes (regressive, progressive) and their influence on distinct economic segments.