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1.
Award: 10.00 points
2.
Award: 10.00 points
The U.S. individual income tax system is an example of a progressive tax rate structure.True False References True / False Diff§culty: 1 EasyLearning Objective: 01-01 Understand progressive, proportional, and regressive tax structures.A proportional tax rate structure is a tax where the tax rate remains at the same rate regardless of the tax base.True False References True / False Diff§culty: 1 EasyLearning Objective: 01-01 Understand progressive, proportional, and regressive tax structures.
(Fundamentals of Taxation 2022 Edition, 15e Ana Cruz, Deschamps, Niswander, Prendergast, Schisler.Jinhee) (Test Bank, For Complete File, Download link at the end of this File) 1 / 4
3.
Award: 10.00 points
4.
Award: 10.00 points
Under a flat tax, the marginal tax rate and the average tax rate are different.True False References True / False Diff§culty: 1 Easy Learning Objective: 01-01 Understand progressive, proportional, and regressive tax structures.State and local taxes levied on either property or sales are examples of progressive taxes.True False References True / False Diff§culty: 1 Easy Learning Objective: 01-01 Understand progressive, proportional, and regressive tax structures.
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5.
Award: 10.00 points
6.
Award: 10.00 points
With a regressive tax, the tax rate increases as the tax base gets larger.True False References True / False Diff§culty: 1 Easy Learning Objective: 01-01 Understand progressive, proportional, and regressive tax structures.The marginal tax rate is the total tax liability divided by the taxable income.True False The marginal tax rate represents the proportion of tax that is paid on the next dollar of taxable income.References True / False Diff§culty: 1 Easy Learning Objective: 01-02 Understand the concepts of marginal and average tax rates as well as a simple income tax formula.
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7.
Award: 10.00 points
8.
Award: 10.00 points
The average tax rate is the total tax liability divided by the taxable income.True False References True / False Diff§culty: 1 Easy Learning Objective: 01-02 Understand the concepts of marginal and average tax rates as well as a simple income tax formula.All individual income tax returns follow the basic structure of the simplified tax formula.True False References True / False Diff§culty: 1 Easy Learning Objective: 01-02 Understand the concepts of marginal and average tax rates as well as a simple income tax formula.
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