  ### Quiz 18 of ECON251 Purdue University In Tutorial Library

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### TITLE: Quiz 18 of ECON251 Purdue University

#### CLASS / COURSE: Economics

QUESTION DESCRIPTION:

Quiz 18:

1. (Points: 1.0)
If the marginal tax rate is greater than the average tax rate as taxable income
increases, the tax structure is:
a. a. regressive.
b. b. proportional.
c. c. progressive.
d. d. unfair.
2. (Points: 1.0)
An average tax rate is calculated as:
a. a. total taxable income times taxes paid.
b. b. total taxable income divided by taxes paid.
c. c. taxes paid divided by total taxable income
d. d. total taxable income less taxes paid divided by taxable income.
3. (Points: 1.0)
If, as your taxable income decreases, you pay a constant percentage of taxable
income in taxes, the tax is:
a. a. regressive.
b. b. proportional.
c. c. progressive.
d. d. random
4. (Points: 1.0)
If you pay \$2,000 in taxes on an income of \$20,000 and a tax of \$2,700 on an income
of \$30,000, over this range of income this income tax is:
a. a. regressive.
b. b. proportional.
c. c. progressive.
d. d. Not enough information given to determine the answer.
5. (Points: 1.0)
If you pay \$2,000 in taxes on an income of \$20,000 and a tax of \$3,000 on an income
of \$30,000, then over this range of income this income tax is:
a. a. regressive.
b. b. proportional.
c. c. progressive.
d. d. Not enough information is given to answer the question.
6. (Points: 1.0)
If, as your taxable income decreases, you pay a smaller percentage of taxable income
in taxes, the tax is:
a. a. regressive.
b. b. proportional.
c. c. progressive.
d. d. unfair.
7. (Points: 1.0)
An example of a U.S. payroll tax is:
a. a. medicare and Social Security taxes on wages and salaries.
b. b. taxes on corporate profit.
c. c. excise taxes on gasoline.
d. d. property taxes on real estate.
8. (Points: 1.0)
A marginal tax rate is:
a. a. total taxable income divided by taxes paid.
b. b. taxes paid divided by total taxable income.
c. c. change in taxes paid divided by the change in total taxable
income.
d. d. change in taxable income divided by change in taxes paid.
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9. (Points: 1.0)
If, as your taxable income decreases, you pay a larger percentage of taxable income
in taxes, the tax is:
a. a. regressive.
b. b. proportional.
c. c. progressive.
d. d. unfair.
10. (Points: 1.0)
If you pay \$2,000 in taxes on an income of \$20,000 and a tax of \$3,500 on an
income of \$30,000, then over this range of income this income tax is:
a. a. regressive.
b. b. proportional.
c. c. progressive.
d. d. Not enough information is given to answer the question.

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