Q a. A progressive tax is one in whichO the average tax rate is constant as income increases.O the average tax rate decreases as income increases.O the same amount of taxes are paid as income increases.O the average tax rate increases as income increases.b. A regressive tax is one in whichO the average tax rate increases as income increases.O the average tax rate is constant as income increases.the average tax rate decreases as income increases.the same amount of taxes are paid as income increases.C. A proportional tax is one in whichO the same amount of taxes are paid as income increases.O the average tax rate decreases as income increases.the average tax rate is constant as income increases.O the average tax rate increases as income increases.cO where You thin g. A municipal property tax on real estate isO regressive, and the incident is on the consumer if the property is used in business.O average, and the incident is on the consumer if one owns or rents.O progressive, and the incident is on the taxpayer if the property is rented.O proportional, and the incident is on the consumer if it is an owner-occupied residence or land.h. The federal corporate income tax isproportional, if the incidence is on shareholders.O average, if the incidence is on shareholders.O progressive, if the incidence is on consumers.O regressive, if the incidence is on producers.i. The portion of the payroll tax levied on employers isO regressive, if the incidence is on employees.O difficult to determine without knowing the relative labor supply and demand elasticities.O progressive, if the incidence is on employers.O proportional, if the incidence is on employers.

a. A progressive tax is one in which the average tax rate is constant as income increases. O the average tax rate decreases as income increases. O the same amount of taxes are paid as income increases. O the average tax rate increases as income increases. b. A regressive tax is one in which O the average tax rate increases as income increases. O the average tax rate is constant as income increases. the average tax rate decreases as income increases. O the same amount of taxes are paid as income increases. C. A proportional tax is one in which O the same amount of taxes are paid as income increases. O the average tax rate decreases as income increases. O the average tax rate is constant as income increases. O the average tax rate increases as income increases.

a. A progressive tax is one in which the average tax rate is constant as income increases. O the average tax rate decreases as income increases. O the same amount of taxes are paid as income increases. O the average tax rate increases as income increases. b. A regressive tax is one in which O the average tax rate increases as income increases. O the average tax rate is constant as income increases. the average tax rate decreases as income increases. O the same amount of taxes are paid as income increases. C. A proportional tax is one in which O the same amount of taxes are paid as income increases. O the average tax rate decreases as income increases. O the average tax rate is constant as income increases. O the average tax rate increases as income increases.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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