What are the types of income tax that people pay? Check all that apply. a. federal b. local c. progressive d. state e. sales f. flat
Business · High School · Tue Nov 03 2020
Answered on
People pay various types of income tax. The types of income tax that people commonly pay include:
a. Federal
d. State
b. Local
Additionally, concerning the tax system structure:
c. Progressive (refers to a tax system where the tax rate increases as the taxable income increases)
f. Flat (a tax system with a constant tax rate, regardless of income)
Income tax is different from sales tax, which is a consumption tax imposed on goods and services at the point of sale and it's not typically categorized under income tax.