Question

Select the correct answer from each drop-down menu.

an income tax that is 7% of their annual earnings. This tax is
All of a country's citizens pay the
tax.
businesses
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government
insurance companies

Answer 1

Government

regressive

Step-by-step explanation:

A tax is a compulsory sum levied by the government on goods and services

Earnings to shareholders are taxed twice

Regressive tax system is a tax system where those that earn lower income pay more tax and those that earn higher income pay less tax.