Which of the tables accurately describes the various tax types and how revenues are used for the public good?A. Type of Tax- Regressive Tax Description- An estate tax based on a percentage of the estate’s valueRevenue Use For Public Good- Social Security and Medicare Progressive Tax Description- A tax where all levels of yearly income are taxed at the same rate Revenue use for public good-Funding police and fire departments, and maintaining roads and schools Proportional Tax Description-A tax based on the taxpayer’s ability to pay where higher tax rates apply to higher levels of income and a lower tax rate on lower-income earners Revenue use for public good-Military and veteran servicesType of Tax Type of Tax Description Revenue Use For Public Good Regressive Tax A tax where all levels of yearly income are taxed at the same rate Social Security and Medicare B Type of tax regresive tax- Description- A tax where all levels of yearly income are taxed at the same rate Revenue use for public good- Social security and medicare type- progressive tax Description-A tax that does not change based on the taxpayer’s level of income Revenue use for public good-Funding police and fire departments, and maintaining roads and schools Type- Proportional tax description-A sales tax based on a percentage of a consumer good Revenue use for public good-military and veteran services C.Type of tax- Regressive tax Description-A tax based on the taxpayer’s ability to pay where higher tax rates apply to higher levels of income and a lower tax rate on lower-income earners Revenue usefor public good- social security and medicare Type- progressive description-A tax that does not change based on the taxpayer’s level of income Revenue use foro public good-Funding police and fire departments, and maintaining roads and schools Type- Proportional tax description-A tax where all levels of yearly income are taxed at the same rate Revenue use for public good- military and veteran services D.type of tax- regressive tax-A tax that does not change based on the taxpayer’s level of income Revenue use for public good- social security and medicare type-progressive tax description-A tax based on the taxpayer's ability to pay where higher tax rates apply to higher levels of income and a lower tax rate on lower-income earners revenue use for public good-Funding police and fire departments, and maintaining roads and schools type- proportional tax description-A tax where all levels of yearly income are taxed at the same rate Revenue use for public good- military and veteran services

Question

Which of the tables accurately describes the various tax types and how revenues are used for the public good?A. Type of Tax-  Regressive Tax Description- An estate tax based on a percentage of the estate’s valueRevenue Use For Public Good-  Social Security and Medicare Progressive Tax Description- A tax where all levels of yearly income are taxed at the same rate  Revenue use for public good-Funding police and fire departments, and maintaining roads and schools Proportional Tax  Description-A tax based on the taxpayer’s ability to pay where higher tax rates apply to higher levels of income and a lower tax rate on lower-income earners  Revenue use for public good-Military and veteran servicesType of Tax     Type of Tax Description Revenue Use For Public Good Regressive Tax A tax where all levels of yearly income are taxed at the same rate Social Security and Medicare      B Type of tax regresive tax- Description- A tax where all levels of yearly income are taxed at the same rate  Revenue use for public good- Social security and medicare  type- progressive tax Description-A tax that does not change based on the taxpayer’s level of income Revenue use for public good-Funding police and fire departments, and maintaining roads and schools  Type- Proportional tax description-A sales tax based on a percentage of a consumer good Revenue use for public good-military and veteran services   C.Type of tax- Regressive tax Description-A tax based on the taxpayer’s ability to pay where higher tax rates apply to higher levels of income and a lower tax rate on lower-income earners Revenue usefor public good- social security and medicare  Type- progressive description-A tax that does not change based on the taxpayer’s level of income  Revenue use foro public good-Funding police and fire departments, and maintaining roads and schools  Type- Proportional tax  description-A tax where all levels of yearly income are taxed at the same rate  Revenue use for public good- military and veteran services    D.type of tax- regressive tax-A tax that does not change based on the taxpayer’s level of income Revenue use for public good- social security and medicare  type-progressive tax description-A tax based on the taxpayer's ability to pay where higher tax rates apply to higher levels of income and a lower tax rate on lower-income earners  revenue use for public good-Funding police and fire departments, and maintaining roads and schools  type- proportional tax description-A tax where all levels of yearly income are taxed at the same rate Revenue use for public good- military and veteran services

GPT 3.5 · Answer

B. Type of tax- regressive tax Description- A tax where all levels of yearly income are taxed at the same rate Revenue use for public good- Social security and medicare Type- progressive tax Description- A tax that does not change based on the taxpayer’s level of income Revenue use for public good- Funding police and fire departments, and maintaining roads and schools Type- Proportional tax Description- A sales tax based on a percentage of a consumer good Revenue use for public good- Military and veteran services