ECO 450 Week 7 Quiz
Review Test Submission: Quiz 5
Course Public Finance
This quiz consist of 15 multiple choice questions and covers the material in Chapter 10. Be sure you are in Chapter 10 when you take the quiz.
According to the benefit principle,
If the marginal tax rate is 20% under a proportional tax rate structure, the average tax rate:
If the average tax rate under a progressive tax rate structure is 35%, a possible marginal tax rate is:
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:
The marginal tax rate will eventually exceed the average tax rate for
Which of the following countries has the highest average tax rate relative to GDP?
Tax avoidance is:
Marginal tax rates were reduced in 2001. Other things being equal, this is likely to:
An excise tax is a:
A tax on the value of real estate holdings is a:
A 5-percent retail sales tax on all consumer purchases in a state is imposed. The sales tax is:
A proportional income tax has an average tax rate that:
The tax base of a payroll tax is:
A bridge becomes congested after 100 vehicles per hour use it on any day. To achieve efficiency, a toll
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