Question

Which of the tables accurately describes the various tax types and how revenues are used for the public good?(1 point)
Responses



Table with 3 columns and 5 rows.Row 1: Column 1, 'Type of Tax'; Column 2, 'Description'; Column 3, 'Revenue Use for Public Good' Row 2: Column 1, 'Regressive Tax'; Column 2, 'A tax that does not change based on the taxpayer's level of income'; Column 3, 'Social Security and Medicare' Row 3: Column 1, 'Progressive Tax'; Column 2, 'A tax based on the taxpayer's ability to pay where higher tax rates apply to higher levels of income and lower tax rates on lower levels of income'; Column 3, 'Funding police and fire departments, and maintaining roads and schools' Row 4: Column 1, 'Proportional Tax'; Column 2, 'A tax where all levels of yearly income are taxed at the same rate'; Column 3, 'Military and veteran services' Row 5: Column 1, empty; Column 2, empty; Column 3, empty



Table with 3 columns and 5 rows.Row 1: Column 1, 'Type of Tax'; Column 2, 'Description'; Column 3, 'Revenue Use for Public Good' Row 2: Column 1, 'Regressive Tax'; Column 2, 'A tax where all levels of yearly income are taxed at the same rate'; Column 3, 'Social Security and Medicare' Row 3: Column 1, 'Progressive Tax'; Column 2, 'A tax that does not change based on the taxpayer's level of income'; Column 3, 'Funding police and fire departments, and maintaining roads and schools' Row 4: Column 1, 'Proportional Tax'; Column 2, 'A sales tax based on a percentage of a consumer good'; Column 3, 'Military and veteran services' Row 5: Column 1, empty; Column 2, empty; Column 3, empty



Table with 3 columns and 5 rows.Row 1: Column 1, 'Type of Tax'; Column 2, 'Description'; Column 3, 'Revenue Use for Public Good' Row 2: Column 1, 'Regressive Tax'; Column 2, 'An estate tax based on a percentage of the estate's value'; Column 3, 'Social Security and Medicare' Row 3: Column 1, 'Progressive Tax'; Column 2, 'A tax where all levels of yearly income are taxed at the same rate'; Column 3, 'Funding police and fire departments, and maintaining roads and schools' Row 4: Column 1, 'Proportional Tax'; Column 2, 'A tax based on the taxpayer's ability to pay where higher tax rates apply to higher levels of income and lower tax rates on lower levels of income'; Column 3, 'Military and veteran services' Row 5: Column 1, empty; Column 2, empty; Column 3, empty


Table with 3 columns and 5 rows.Row 1: Column 1, 'Type of Tax'; Column 2, 'Description'; Column 3, 'Revenue Use for Public Good' Row 2: Column 1, 'Regressive Tax'; Column 2, 'A tax based on the taxpayer's ability to pay where higher tax rates apply to higher levels of income and lower tax rates on lower levels of income'; Column 3, 'Social Security and Medicare' Row 3: Column 1, 'Progressive Tax'; Column 2, 'A tax that does not change based on the taxpayer's level of income'; Column 3, 'Funding police and fire departments, and maintaining roads and schools' Row 4: Column 1, 'Proportional Tax'; Column 2, 'A tax where all levels of yearly income are taxed at the same rate'; Column 3, 'Military and veteran services' Row 5: Column 1, empty; Column 2, empty; Column 3, empty
Skip to navigation

Answer 1

The first table. It correctly defines progressive and proportional taxes and reasonably matches typical revenue uses (e.g., payroll taxes funding Social Security/Medicare; income taxes funding public services).