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- 1. Multiple Choice
Which form of tax is based on the ability to pay principle?
progressive tax
proportional tax
estate tax
regressive tax
- 2. Multiple Choice
A theory that those with higher incomes should pay more tax than those with lower incomes.
ability to pay principle
benefits received principle
proportional tax
regressive tax
- 3. Multiple Choice
Concept that taxes are based on service received:
ability to pay principle
benefits received principle
proportional tax
regressive tax
- 4. Multiple Choice
Collecting tolls on the highway on Route 88 is an example of what taxation principle?
ability to pay principle
benefits received principle
proportional tax
progressive tax
- 5. Multiple Choice
Mary earns $1,000 in the month of May and paid $300 (30%) in tax. Susan earns $10,000 in the month of May and paid $1,000 (10%) in tax. The type of tax is best described as:
regressive tax
value added tax
progressive tax
proportional tax
- 6. Multiple Choice
Larry earned $1,000 in the month of May and paid $50 in tax (5%). Mike earned $10,000 in the month of May and paid $1,700 (17%) in tax. This type of tax is:
regressive
value added
progressive
proportional
- 7. Multiple Choice
Mary earned $1,000 in May and paid $50 in tax (5%) and Melinda earned $10,000 in May and paid $500 (5%) in tax. This type of tax is:
regressive
value added
progressive
proportional
- 8. Multiple Choice
A proportional tax is best described as a form of taxation that:
requires all citizens to pay an equal percentage of their incomes to taxes
allows some citizens to take deductions for real property and estate taxes.
provides a way for individuals with high incomes to pay at reduced tax rates
creates revenue by taxing goods and services at various points of production
- 9. Multiple Choice
Which of these BEST describes an effort made the the United States government to ensure fair competition in the marketplace?
building roads and bridges
enforcing antitrust legislation
restricting environmental pollution
reducing speed limits on national highways
- 10. Multiple Choice
Which of these activities is beyond the traditional role of the Federal government?
collecting taxes
setting fees on imports
paying for police
providing for national defense
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