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NEW QUESTION: 1
One state adds a 7 percent sales tax to the price of most products purchased within its jurisdiction. This tax, therefore, if viewed as tax on income, has the reverse effect of the federal income tax: the lower the income, the higher the annual percentage rate at which the income is taxed.
The conclusion above would be properly drawn if which of the following were assumed as a premise?
A. Citizens who fail to earn federally taxable income are also exempt from the state sales tax.
B. The federal income tax favors citizens with high incomes, whereas the state sales tax favors citizens with low incomes.
C. The lower a state's sales tax, the more it will tend to redistribute income from the more affluent citizens to the rest of society.
D. Citizens with low annual incomes can afford to pay a relatively higher percentage of their incomes in state sales tax, since their federal income tax is relatively low.
E. The amount of money citizens spend on products subject to the state tax tends to be equal across income levels.
Answer: E
Explanation:
Explanation/Reference:
Explanation:
NEW QUESTION: 2
Which three authentication factors does PAN-OS@software support for MFA? (Choose three.)
A. Okta Adaptive
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B. Control Quality
C. Plan Quality Management
D. Risk Management
Answer: B
NEW QUESTION: 4
A. PArallel
B. USB
C. CAT6
D. Serial
Answer: C
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