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tax rate

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Q: Which of these terms refers to the percentage that is taxed?
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What is the term that refers to the percentage that is taxed?

The term that refers to the percentage that is taxed is the tax rate. In most cases, the tax rate is progressive depending on the level of income.


What term is used to describe the percentage that is taxed?

The percentage at which something is taxed is the Tax Rate.


What term refers to the process of determining the values of a property to be taxed?

assessment


What happens to the percentage of an income that is taxed when income rises and the tax is a progressive one?

the percentage of tax rises


What happens to the percentage of tax as the income that is taxed rises and the tax is a proportional one?

The percentage of tax stays the same.


What happens to the percentage of an income that is taxed when income rises and the tax is a proportional one?

The percentage of an income that is taxed will stay the same when income rises until that income reaches a certain point set by the government. A higher tax bracket may mean a higher portion of the income will be taxed.


What is the term for the percentage at which individuals and businesses are taxed on goods and services?

tax rate (A+)


What percentage of income is withheld for social security by the federal government?

Social Security also known as FICA is taxed at 6.2% of income. Medicare is taxed at 1.45%.


Which of these is the best drescription of an assessement?

An assessment refers to the process used to ascertain the value of property to be taxed.


What is 24.20 plus tax?

Your question is too vague. You must give the percentage that you are taxed at.


What is is the best description of a tax rate?

percentage at which tax is being leviedrepresents the subject being taxed


What is the Name 3 types of taxes?

Proportional tax: Remains a fixed amount (percentage) no matter the amount being taxed. Progressive tax: Increases as the amount being taxed increases. Regressive tax: Decreases as the amount being taxed increases.