Asked by
Andrea Elias
on Oct 13, 2024
Verified
The federal tax on cigarettes is
A) direct and regressive.
B) direct and progressive.
C) indirect and regressive.
D) indirect and progressive.
Federal Tax
A tax levied by the federal government on income, corporate profits, and other aspects of the financial activity within a country.
Cigarettes
are small cylinders of finely cut tobacco leaves rolled in thin paper for smoking, often containing chemical additives.
Indirect and Regressive
Pertaining to taxes that are the same rate for all, regardless of income, often resulting in a higher tax burden on lower-income individuals compared to higher-income ones.
- Acquire knowledge on the contrast between direct and indirect taxes, as well as their specific impacts.
- Identify the various forms of taxation (regressive, progressive) and comprehend their impact on diverse income brackets.
Verified Answer
BN
Learning Objectives
- Acquire knowledge on the contrast between direct and indirect taxes, as well as their specific impacts.
- Identify the various forms of taxation (regressive, progressive) and comprehend their impact on diverse income brackets.