In which situation would a person pay a higher property tax than he or she did the year before?A.The number of dependents the person had increased.B.The value of the person's home increased.C.The salary the person earned increased.D.The amount the person spent on electronics increased.

A person has gotten a new job with a much higher salary. He plans to spend his extra money on a new car and a great stereo system for his apartment.Which statement best describes the tax situation this person will likely face in the next year?A.He will pay more in both income tax and sales tax.B.He will pay more in both property tax and income tax.C.He will pay more in sales tax but less in income tax.D.He will pay more in income tax but less in property tax.

Person A earns $100,000 per year, while person B earns $45,000 per year. Both people own homes in the same city. Which conclusion is most likely true for these people when they pay their property taxes?A.The property tax rate will be the same for person A and person B.B.Person B will pay at a higher property tax rate than person A.C.Neither person A nor person B will have to pay property tax.D.Person A will pay at a higher property tax rate than person B.

A person has gotten a new job with a much higher salary. Even though he'll be making more money, he wants to start saving at a much higher rate. As a result, he plans to spend even less money this year than he did last year.Which statement best describes the tax situation this person will likely face in the next year?A.He will pay more in both income tax and sales tax.B.He will pay more in sales tax but less in income tax.C.He will pay more in income tax but less in sales tax.D.He will pay more in both property tax and income tax.

An increase in taxes will ________ consumption spending and a decrease in transfer payments will ________ consumption spending. a. increase; decrease b. decrease; increase c. decrease; decrease d. increase; increase

Which kind of person would pay a higher rate with a progressive tax?A.A person with a low incomeB.A person with few dependentsC.A person with many dependentsD.A person with a high income