Which of the following tax rate systems is applicable to the U.S. individual income tax?
a. proportional tax rate system
b. regressive tax rate system
c. progressive tax rate system
d. none of these are correct
c
Business
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Which of the following is not one of the three advantages of dealing with a financial intermediary?
(A) A financial intermediary shares risks. (B) A financial intermediary provides liquidity. (C) A financial intermediary creates financial assets. (D) A financial intermediary provides information.
Business
One of the problems with no-fault automobile insurance is that it
A) results in higher court costs. B) results in higher jury awards to victims. C) doesn't penalize drivers who cause accidents to the degree that they should be. D) hasn't resulted in lower costs to insurance companies or lower auto insurance premiums.
Business