1
QuizMultiple Choice

Unit Test — Unit test

Question 1 • WA-Financial Education

Which describes a type of tax that people pay on money they earn?

Answer
f
flat tax
i
income tax
p
purchase tax
p
progressive tax

Explanation

An income tax is a tax paid on money a person earns, such as wages or salary. A flat tax and a progressive tax describe ways a tax rate can be structured, while a purchase tax is paid when buying goods or services.

AI-written and checked against the verified answer.

Next