Which Terms Best Describe Sales Tax Check All That Apply
Check all that apply. Direct indirect regressive progressive proportional. Indirect because it is collected by an intermediary (for example, a retail store) from the person who bears the ultimate economic burden of the tax (the consumer). It is not paid directly to the government by the. Which terms best describe sales tax?
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Nov 18, 2024 · in summary, the terms that best describe sales tax are indirect and regressive. Understanding these classifications helps in recognizing how sales tax impacts different income groups and the overall economy. The terms proportional and progressive do not apply to sales tax. Therefore, correct selections include. Dec 20, 2024 · here are the key statements that describe sales tax: This means that consumers do not pay this tax directly to the government; Rather, it is added to the price of items by the sellers at the point of sale. The retailer then collects this tax and passes it on to the government. Which terms best describe sales tax? Check all that apply. What gives the us government the power to collect taxes? How is an excise tax different from a sales tax? Which of these is most likely the us government's aim in taxing imported goods? Which best describes how. Study with quizlet and memorize flashcards containing terms like which of these best describes income tax?, governments collect taxes to ensure that, which terms best describe sales tax?
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What gives the us government the power to collect taxes? How is an excise tax different from a sales tax? Which of these is most likely the us government's aim in taxing imported goods? Which best describes how. Study with quizlet and memorize flashcards containing terms like which of these best describes income tax?, governments collect taxes to ensure that, which terms best describe sales tax? Check all that apply.
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