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3 years ago

Which terms best describe sales tax? Check all that apply.

Social Studies

2 answers:

expeople1 [14]3 years ago

7 0

Answer:

Indirect and Regressive

Explanation:

Just took the test

Crazy boy [7]3 years ago

4 0

The answer is <em>Sales Tax</em> can be described as Indirect and Regressive. It is indirect because the retribution that the consumer is going pay is collected by the seller, who acts as an intermediary between the people and the government and then is handed to the government (contrary to the direct type in which the taxation amount goes directly into the government's arks).

This type of system is also regressive because it doesn't change (increasing or decreasing) according to the payer's income. Instead, it puts a heavier contribution load on the people with lower incomes, and not on the rich and more wealthy part of the population.

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Answer:

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Explanation:

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2 years ago

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Sonja [21]

Answer:

1.) Ugly debt, taking out a loan to buy something that's deprecating to your funds, responsibilities of being a car owner it can snowball you into a financial hole.

2.)Good debt, taking out a loan as an investment in the hopes of creating wealth with the job.

3.) Ugly debt, already in debt, you have to deprecate yourself financially by making shoe, lol, payments over time which reaps you nothing but more debt.

4.)Bad debt, something you buy that does nothing but hurt your funds. The pony alone is a horrible purchase.

5.) Good debt, investing in something that will create wealth in the future. Think student loan debt.

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These "official" defintions will help you in the future recognizing these financial burdens. In my opinion, all debt is bad debt.

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Many responsible people use debt to acquire big-ticket items they need today, but that cost too much to pay for all at once. The vast majority of the population couldn’t afford a college education, vehicle, or home without financing them.

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Credit cards or other forms of borrowing can make it easy to forget that you’re playing with real money. It can cause people to buy things they don’t really need or make purchases they can’t really afford. Don’t take on debt without giving it some serious thought first.

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Debt has a way of spiraling out of control—fast. Before you know it, your payments can total more than you can comfortably pay and there’s no end in sight. Think a payday loan might fix the problem? Think again. These “short-term,” high-rate loans are the very definition of ugly. Avoid them at all costs.

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