With a proportional tax

A) a poor household pays a larger percentage of its income in taxes than a rich one.
B) a rich household pays a larger percentage of its income in taxes than a poor one.
C) all households pay the same total amount of tax.
D) all households pay the same percentage of their income as taxes.

D

Economics

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The change in demand deposits varies directly with

A) the currency ratio. B) the reserve ratio on demand deposits. C) the monetary base. D) the reserve ratio on time deposits.

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Which is a payment or wage subsidy made by the Federal government to offset Social Security taxes for low-income workers?

A. Food stamp program B. Supplement Security Income C. Earned-income tax credit D. Temporary Assistance to Needy Families

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