income taxes\na) income taxes essentially fund _.\nb) the us employs a _ tax system, based on the…

income taxes\na) income taxes essentially fund _.\nb) the us employs a _ tax system, based on the income.\nc) the two types of income taxes are _ and _.\nd) individual income tax applies to _ and _.\ne) business income taxes are paid by _ and _.

income taxes\na) income taxes essentially fund _.\nb) the us employs a _ tax system, based on the income.\nc) the two types of income taxes are _ and _.\nd) individual income tax applies to _ and _.\ne) business income taxes are paid by _ and _.

Answer

Brief Explanations:

a) Income taxes are used to fund government operations and public - services. b) The US has a progressive tax system where tax rates increase as income increases. c) The two main types of income taxes are individual and business income taxes. d) Individual income tax applies to personal earnings such as wages, salaries, and investment income. e) Business income taxes are paid by corporations and partnerships.

Answer:

a) Government operations and public - services b) Progressive c) Individual income tax; Business income tax d) Wages; Salaries (or other personal earnings like investment income) e) Corporations; Partnerships