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# Consider two people Sandy Roos who earns \$25000 and Gary Behrman who earns If the government has decided to tax everyones first

Consider two people, Sandy Roos, who earns \$25,000, and Gary Behrman, who earns
\$50,000. If the government has decided to tax everyone’s first \$25,000 at 20 percent and
everyone’s second \$25,000 at 40 percent, then

a.Gary and Sandy both pay taxes of the same percentage of total income

b.Gary and Sandy pay the same amount of taxes

c.Gary pays twice the tax amount Sandy pays

d.Gary pays three times the tax amount Sandy pays

e.Sandy does not pay taxes

112.              Consider two people, Sandy Roos, who earns \$25,000, and Gary Behrman, who earns
\$50,000. If the government has decided to tax everyone’s first \$25,000 at 20 percent and
everyone’s second \$25,000 at 40 percent, then Gary pays

a.\$10,000 in taxes and Sandy pays \$5,000 in taxes

b.\$10,000 in taxes and Sandy pays \$10,000 in taxes

c.\$15,000 in taxes and Sandy pays \$5,000 in taxes

d.\$15,000 in taxes and Sandy pays \$10,000 in taxes

e.\$17,000 in taxes and Sandy pays \$5,000 in taxes

113.              Which nation’s taxation is the lowest percentage of the nation’s GDP?

a.Australia

b.United States

c.Germany

d.Netherlands

e.Sweden

114.              Which nation’s taxation is the highest percentage of the nations’ GDP?

a.Australia

b.United States

c.Germany

d.Netherlands

e.Sweden

115.              A tax levied on the value of physical assets such as land, or financial assets such as
corporate stocks and bonds, is known as a(n)

a.corporate income tax

b.property tax

c.excise tax

d.unit tax

e.customs duty

116.              If a tax on each Snicker’s bar is \$0.10, that tax is a

a.property tax

b.customs duty

c.progressive tax

d.unit tax

e.sales tax

117.              If the tax on each Snicker’s bar is 10 percent of its price, than that tax is a

a.sales tax

b.unit tax

c.corporate tax

d.progressive tax

e.estate tax

118.              A sales tax applied to a foreign good or service is known as a(n)

a.progressive tax

b.unit tax

c.excise tax

d.external tax

e.customs duty

119.              The general category of taxes that include unit taxes, sales taxes, and customs duties, is
known as a(n)

a.excise tax

b.internal tax

c.external tax

d.estate tax

e.property tax

120.              An example of an excise tax is the

a.poll tax on every citizen

b.property tax on real estate

c.corporate income tax

d.property tax on personal belongings

e.unit tax on a movie ticket

Feb 11 2020 View more View Less