Topic Apportioning the tax Chapter 16 Public Finance Expenditures

Topic apportioning the tax chapter 16 public finance

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Topic: Apportioning the tax burden16-57
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Chapter 16 - Public Finance: Expenditures and Taxes64. Which of the following statements is most consistent with the benefits-received principle of taxation? A.A childless couple should not be required to pay taxes for the support of public schools.B. Prosperous corporations should pay substantial taxes even if they use few government goods and services.C. The best tax is the income tax.D. People with high incomes should pay more taxes than people with low incomes.AACSB: Reflective ThinkingBloom's: Level 3 ApplyDifficulty: 2 MediumLearning Objective: 16-02 Summarize the different philosophies regarding the distribution of a nation's tax burden.Topic: Apportioning the tax burden65. The Federal gasoline tax is assessed on a per-gallon basis and the proceeds are used for highway maintenance and improvements. This tax is consistent with the: AACSB: Reflective ThinkingBloom's: Level 3 ApplyDifficulty: 2 MediumLearning Objective: 16-02 Summarize the different philosophies regarding the distribution of a nation's tax burden.Topic: Apportioning the tax burden66. The Federal income tax is consistent with the __________ principle of taxation, whereas an excise tax on sporting event tickets is consistent with the ___________ principle of taxation. AACSB: Reflective ThinkingBloom's: Level 3 ApplyDifficulty: 2 MediumLearning Objective: 16-02 Summarize the different philosophies regarding the distribution of a nation's tax burden.Topic: Apportioning the tax burden16-58
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Chapter 16 - Public Finance: Expenditures and Taxes67. Using income as the tax base, which of the following best illustrates a regressive tax? AACSB: Reflective ThinkingBloom's: Level 3 ApplyDifficulty: 2 MediumLearning Objective: 16-04 Demonstrate how the distribution of income between rich and poor is affected by government taxes; transfers; and spending.Topic: Apportioning the tax burdenAnswer the question on the basis of the following five schedules, all of which represent income tax schedules for an economy. All figures are in billions of dollars.
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