2024 – 1 According to the benefit principle 2 If the marginal tax rate is

ECO 450 Week 7 Quiz 5 – 2024

1. According to the benefit principle,

 

2. If the marginal tax rate is 20% under a proportional tax rate structure, the average tax rate:

 

3. If the average tax rate under a progressive tax rate structure is 35%, a possible marginal tax rate is:

 

4. A payroll tax taxes a worker’s wages at 14 percent until the worker earns $60,000 per year. All labor earnings in excess of $60,000 are not subject to tax. The tax rate structure of the payroll tax is therefore:

 

5. The marginal tax rate will eventually exceed the average tax rate for a:

 

6. Which of the following countries has the highest average tax rate relative to GDP?

 

7. Tax avoidance is:

 

8. Marginal tax rates were reduced in 2001. Other things being equal, this is likely to:

 

9. An excise tax is a:

 

10. A tax on the value of real estate holdings is a:

 

11. A 5-percent retail sales tax on all consumer purchases in a state is imposed. The sales tax is:

 

12. A proportional income tax has an average tax rate that:

 

13. The tax base of a payroll tax is:

 

14. Taxes:

 

15. A bridge becomes congested after 100 vehicles per hour use it on any day. To achieve efficiency, a toll:

 

 

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