Under ________ taxation, tax payers at all income levels pay the same percentage of their income in taxes. Therefore it is also called a flat tax
a. progressive taxation
b. proportional taxation
c. regressive taxation
d. marginal taxation
b
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The fundamental value of a share of stock is equal to which of the following?
A) the sum of expected dividends B) the present value of expected dividends C) the sum of coupon payments D) the present value of coupon payments E) the present value of the expected yield
In considering real-world situations, we must recognize the fact that by "wages" in this chapter, we mean the following, except:
A. Total price that employers pay to obtain labor B. Total income earned by households C. Total compensation of workers D. Total of direct payments and fringe benefits to workers
When bond prices go down, interest rates go ___________.
Fill in the blank(s) with the appropriate word(s).
Which of the following was the first federal legislation to outlaw discrimination based on race, religion, or gender?
a. Civil Rights Act of 1964 b. Civil Rights Act of 1991 c. Emancipation Proclamation d. Equal Pay Act of 1963