Question 1

The city of Belleview operated at an $865,000 surplus this year. The surplus suggests that the municipal tax system is:

Accepted Answer

A)  Fair 
B)  Efficient 
C)  Sufficient 
D)  Convenient 
A)  Fair 
B)  Efficient 
C)  Sufficient 
D)  Convenient

Question 2

Which of the following statements concerning a regressive tax rate structure is true?

Accepted Answer

A)  A regressive tax rate structure is justified by the tax policy of distributive justice. 
B)  A regressive rate structure is justified by the theory of the declining marginal utility of income. 
C)  Under a regressive rate structure, the average tax rate for high-income taxpayers is less than the marginal tax rate. 
D)  None of the above statements is true. 
A)  A regressive tax rate structure is justified by the tax policy of distributive justice. 
B)  A regressive rate structure is justified by the theory of the declining marginal utility of income. 
C)  Under a regressive rate structure, the average tax rate for high-income taxpayers is less than the marginal tax rate. 
D)  None of the above statements is true.

Question 3

A tax meets the standard of efficiency if it generates enough revenue to pay for the public goods and services provided by the government.

Accepted Answer

A) True 
 B)False

Question 4

A provision in the tax law designed to encourage a specific economic behavior is a tax preference.

Accepted Answer

A) True 
 B)False

Question 5

The declining marginal utility of income across individuals can be measured empirically.

Accepted Answer

A) True 
 B)False

The city of Belleview operated at an $865,000 surplus this year. The surplus suggests that the municipal tax system is:

Which of the following statements concerning a regressive tax rate structure is true?

A tax meets the standard of efficiency if it generates enough revenue to pay for the public goods and services provided by the government.

A provision in the tax law designed to encourage a specific economic behavior is a tax preference.

The declining marginal utility of income across individuals can be measured empirically.

Taxes and Taxing Jurisdictions

Taxes As Transaction Costs

Maxims of Income Tax Planning

Tax Research

Taxable Income From Business Operations

Property Acquisitions and Cost Recovery Deductions

Property Dispositions

Nontaxable Exchanges

Sole Proprietorships, Partnerships, Llcs, and S Corporations

The Corporate Taxpayer

The Choice of Business Entity

Jurisdictional Issues in Business Taxation

The Individual Tax Formula

Compensation and Retirement Planning

Investment and Personal Financial Planning

Tax Consequences of Personal Activities

The Tax Compliance Process

Filters

Exam 2: Policy Standards for a Good Tax

The city of Belleview operated at an $865,000 surplus this year. The surplus suggests that the municipal tax system is:

Which of the following statements concerning a regressive tax rate structure is true?

A tax meets the standard of efficiency if it generates enough revenue to pay for the public goods and services provided by the government.

A provision in the tax law designed to encourage a specific economic behavior is a tax preference.

The declining marginal utility of income across individuals can be measured empirically.

Taxes and Taxing Jurisdictions

Taxes As Transaction Costs

Maxims of Income Tax Planning

Tax Research

Taxable Income From Business Operations

Property Acquisitions and Cost Recovery Deductions

Property Dispositions

Nontaxable Exchanges

Sole Proprietorships, Partnerships, Llcs, and S Corporations

The Corporate Taxpayer

The Choice of Business Entity

Jurisdictional Issues in Business Taxation

The Individual Tax Formula

Compensation and Retirement Planning

Investment and Personal Financial Planning

Tax Consequences of Personal Activities

The Tax Compliance Process

Filters