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Finra Series-7 Exam - Topic 1 Question 129 Discussion

Which of the following are not flat rate taxes?
C) gift tax
A) excise tax
B) gasoline tax
D) general income tax

Finra Series-7 Exam - Topic 1 Question 129 Discussion

Actual exam question for Finra's Series-7 exam
Question #: 129
Topic #: 1
[All Series-7 Questions]

Which of the following are not flat rate taxes?

Show Suggested Answer Hide Answer
Suggested Answer: C

gift tax. By definition, gift tax is a progressive tax. All of the others are a level percentage.


by Cassie at Jun 27, 2026, 07:08 PM

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Erin
2 days ago
Wait, are we sure about the gasoline tax? Seems flat to me!
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Noelia
7 days ago
General income tax is progressive, not flat.
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Tashia
12 days ago
Gift tax varies based on the amount, so not flat!
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Ahmed
17 days ago
I thought gasoline tax was flat rate?
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Odette
23 days ago
Excise tax is definitely not flat rate.
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Leoma
28 days ago
Totally agree, gift tax is the odd one out here!
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Rashad
1 month ago
Wait, general income tax isn't flat rate? Really?
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Royce
1 month ago
Gift tax is progressive, not flat.
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Bernardo
1 month ago
I thought gasoline tax was flat rate?
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Ben
2 months ago
Excise tax is definitely not flat rate.
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Glory
2 months ago
I definitely recall that gasoline tax is often a fixed amount per gallon, so it seems like it could be a flat rate tax.
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Dyan
2 months ago
I'm not entirely sure, but I feel like the gift tax could be a flat rate tax, right? It might depend on the amount gifted.
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Pedro
2 months ago
I remember practicing a question about different types of taxes, and I think excise tax might not be flat rate since it can vary by product.
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Vicente
2 months ago
I think flat rate taxes are usually the same percentage for everyone, so maybe the general income tax isn't one?
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