If the population is split up into quintiles by income, the bottom quintile would include:
A. the poorest half of the population.
B. the poorest 60 percent of the population.
C. the richest half of the population.
D. the poorest 20 percent of the population.
D. the poorest 20 percent of the population.
Economics
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Taxes on wages, such as Social Security taxes, are known as ________
A) payroll taxes B) lump sum taxes C) capitol hill gains D) cost of living adjustments (COLAs)
Economics
Ad valorem taxation means
A) that only the value added by a service provider is taxed. B) that the tax rate is a percentage of the price paid for a product. C) a negative income tax. D) a progressive property tax imposed in some states.
Economics