Exam 12: The Design of the Tax System.

Table 12-16 The table below provides information on the 4 households that make up a small economy and how much they would pay in taxes under 3 types of taxes. -Refer to Table 12-16.In this economy Tax A exhibits

The resources that a taxpayer devotes to complying with the tax laws are a type of

A transfer payment is a government payment

Table 12-5 -Refer to Table 12-5.What is the marginal tax rate for a person who makes $60,000?

Table 12-10 The following table shows the marginal tax rates for unmarried individuals for two years. -Refer to Table 12-10.For an individual who earned $80,000 of taxable income in 2009,what was the individual's average tax rate in 2009?

Horizontal and vertical equity are the two primary measures of efficiency of a tax system.

Which type of tax is used to finance the Social Security program in the United States?

Suppose a country imposes a lump-sum income tax of $6,000 on each individual in the country.What is the average income tax rate for an individual who earns $60,000 during the year?

Table 12-2 Consider the tax rates shown in the table below. -Refer to Table 12-2.If Noah has taxable income of $43,000,his average tax rate is

In choosing the form of a tax,there is often a tradeoff between

In addition to tax payments,the two other primary costs that a tax system inevitably imposes on taxpayers are

The two types of taxes that are most important to state and local governments as sources of revenue are

One characteristic of an efficient tax system is that it minimizes the costs associated with revenue collection.

Table 12-15 -Refer to Table 12-15.In this tax system which of the following is possible?

Which of the following statements is correct?

Many health economists believe that it will be very difficult to stem the rise in health care costs because

Table 12-11 The following table presents the total tax liability for an unmarried taxpayer under four different tax schedules for the income levels shown. -Refer to Table 12-11.Which tax schedules are progressive?

Table 12-8 -Refer to Table 12-8.If the government imposes a $2,000 lump-sum tax,the average tax rate for Marcia and Charles would be

Table 12-3 -Refer to Table 12-3.Assume that the price of a weekend ski pass is $45 and that the price reflects the actual unit cost of providing a weekend of skiing.How much consumer surplus accrues to Anna and Clem individually?

A tax levied on the total amount spent in retail stores is called