Asked by
Jordan Mcsears
on Nov 26, 2024Verified
Sales taxes are proportional in relation to income because the same tax rate applies regardless of the size of a purchase.
Proportional
In economics, proportional refers to a relationship or distribution that remains the same in proportion or rate, such as a tax that takes the same percentage from all income earners.
Tax Rate
The percentage at which an individual or corporation is taxed by the government on income or profits.
- Acquire knowledge of the essential principles and diverse forms of taxation.
Verified Answer
MS
Learning Objectives
- Acquire knowledge of the essential principles and diverse forms of taxation.
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