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tarasen57 tarasen57
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5 years ago

Question 1.

Most businesses in the United States are sole proprietorships. Most sole proprietors pay ________ on their profits.

• the corporate income tax

• the federal personal income tax

• the progressive excise tax

• no tax

Question 2.

In 2017, President Trump proposed

• raising the top corporate income tax rate from 12 percent to 20 percent.

• cutting the top corporate income tax rate from 35 percent to 20 percent and raising the top rate for "income passthrough businesses" from 12 percent to 20 percent.

• cutting personal income tax rates and raising corporate income tax rates.

• cutting the top corporate income tax rate from 35 percent to 20 percent.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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shamanieshamanie
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5 years ago
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tarasen57 Author
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#2
5 years ago
Helps a lot... Now I'm ready for my quiz
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