Eco 450 entire course final exam

Question 16 A taxpayer is in a 33-percent tax bracket and itemizes deductions.

He obtains a mortgage from a bank at 9-percent interest. The actual rate of interest he pays is: Answer Question 17 2 out of 2 points Tax preferences: Answer Question 18 If the excess burden from tax is $10 million, lowering marginal tax rates should make the excess burden: Answer Question 19 Tax expenditures are: Answer Question 20 2 out of 2 points Adjusted gross income, as defined by the United States Tax Code, Answer Question 21 2 out of 2 points