D$.$ None of the above.

$7.$ Rate is the same regardless of tax base:

A$.$ Horizontal equity.

B$.$ Proportional $($flat tax$).$

C$.$ Regressive tax.

D$.$ Progressive tax.

$8.$ Rate decreases as tax base increases:

A$.$ Vertical equity.

B$.$ Proportional $($flat tax$).$

C$.$ Regressive tax.

D$.$ Progressive tax.

$9.$ Payroll taxes for a government$-$run retirement program are:

A$.$ Value Added taxes.

B$.$ Excise taxes.

C$.$ Flat rate taxes.

D$.$ Social Security taxes.

$10.$ A tax that charges the same percentage of income, regardless of the size of income:

A$.$ Value Added taxes.

B$.$ Excise taxes.

C$.$ Flat rate taxes.

D$.$ Social Security taxes.

Question Three: A manufacturing company sells a machine to a trader A for $$200,000.$ Trader A sells it to a trader $B$ at a point of $$20,000$ and trader B sells it to a consumer at a profit of $$40,000.$ If the rate of sales tax $($under VAT$)$ is $15\%,$

Find:

$(1)$ the amount of tax received by the Government.

$(2)$ the amount paid by the consumer for the T$.$V$.$