income, property, good, or service that is subject to tax

Economics Topic 8 Lessons 1-4

Flashcard
•
Social Studies
•
12th Grade
•
Hard
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40 questions
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1.
FLASHCARD QUESTION
Front
Back
tax base
2.
FLASHCARD QUESTION
Front
income received by a government
Back
revenue
3.
FLASHCARD QUESTION
Front
a tax in which the percentage paid increases as income increases
Back
progressive tax
4.
FLASHCARD QUESTION
Front
a tax in which the percentage paid decreases as income increases
Back
regressive tax
5.
FLASHCARD QUESTION
Front
final burden of a tax
Back
incidence of a tax
6.
FLASHCARD QUESTION
Front
equity
Back
one characteristic of a good tax
7.
FLASHCARD QUESTION
Front
personal exemption
Back
a set amount that can be subtracted from a person’s gross income
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