Frequent Exam Questions without Answers
Taxation
Chapter 19 ― Question 1
A person earns $30,000 a year. The zero bracket is $3,000 The tax rate for up to $20,000 is 15 percent. Thereafter it is 25 percent. What is the individual's average tax rate?
- 18,70 percent
- 16,83 percent
- 20 percent
- 20,74 percent
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Chapter 19 ― Question 2
A zero bracket makes a proportional tax progressive. True or false? Explain your answer.
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Chapter 19 ― Question 3
The excess burden of an indirect tax is borne by the people who cease to buy the taxed commodity. True or False? Explain your answer.
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