which describes a type of tax that people pay on money they earn?○ flat tax○ income tax○ purchase tax○…
which describes a type of tax that people pay on money they earn?○ flat tax○ income tax○ purchase tax○ progressive tax
Answer
Brief Explanations:
- A flat tax is a tax system with a single fixed rate, applicable to various income levels but not specifically defined as tax on earned money.
- Income tax is explicitly a tax levied on the money an individual or entity earns.
- Purchase tax is applied to goods and services when bought, not earned income.
- Progressive tax refers to a tax where the rate increases with higher income, which is a structure, not the specific tax on earned money.
Answer:
B. income tax