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FiCEP Study Guide (Final)Questions & Answers(RATED A+)
operating costs - ANSWERA tax is defined as a contribution that supports the _____ of a government.
progressive - ANSWERA _____ tax requires a taxpayer to pay more tax as their income increases. (Federal and state income taxes are examples)
regressive - ANSWERA _____ tax charges the same percentage of the cost of a good or service, no matter what the taxpayer earns. (Sales tax, gas taxes, and liquor taxes are examples)
fees or surcharges - ANSWERSometimes taxes are called _____.
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