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Review Test Submission: Quiz 5 Course Public Finance Test Quiz 5 This quiz consist of 15 multiple choice questions and covers the material in Chapter 10. Be sure you are in Chapter 10 when you take the quiz. Question 1 . According to the benefit principle, Question 2 If the marginal tax rate is 20% under a proportional tax rate structure, the average tax rate: Question 3 .
If the average tax rate under a progressive tax rate structure is 35%, a possible marginal tax rate is: Question 4 A payroll tax taxes a workerâ€™s wages at 14 percent until the worker earns $60,000 per year. All labor earnings in excess of $60,000 are not subject to tax. The tax rate structure of the payroll tax is therefore: Question 5 The marginal tax rate will eventually exceed the average tax rate for Question 6 Which of the following countries has the highest average tax rate relative to GDP? Question 7 Tax avoidance is: Question 8 Marginal tax rates were reduced in 2001. Other things being equal, this is likely to: Question 9 An excise tax is a: Question 10 . A tax on the value of real estate holdings is a: Question 11
. A 5-percent retail sales tax on all consumer purchases in a state is imposed. The sales tax is: . Question 12 A proportional income tax has an average tax rate that: Question 13 . The tax base of a payroll tax is: Question 14 . Question 15 . A bridge becomes congested after 100 vehicles per hour use it on any day. To achieve efficiency, a toll