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Which of the following statements are correct regarding a flat tax? With a flat tax, higher income brackets will be assessed at a higher tax
Which of the following statements are correct regarding a flat tax? With a flat tax, higher income brackets will be assessed at a higher tax rate than lower income brackets. With a flat tax, different portions of a tax base may be taxed at different rates. The term graduated tax has the same meaning as flat tax. A flat tax is a single tax rate applied to an entire tax base. The term proportional tax has the same meaning as flat tax.
Which of the following statements are correct regarding a flat tax?
With a flat tax, higher income brackets will be assessed at a higher tax rate than lower income brackets.
With a flat tax, different portions of a tax base may be taxed at different rates.
The term graduated tax has the same meaning as flat tax.
A flat tax is a single tax rate applied to an entire tax base.
The term proportional tax has the same meaning as flat tax.
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