Tina Taxpayer makes $75,000 a year. What are her average and marginal tax rates if she is required to pay a lump-sum tax of $5,000? Submit your answers as percentages, and round to two decimal points. Tina's average tax rate: 6.67 Tina's marginal tax rate: Identify whether the tax or payments listed are consistent with the benefits principle or the ability-to-pay principle of tax fairness. Please note that not all items need to be placed. Benefits (received) principle Ability-to-pay principle carbon tax gasoline taxes income tax progressive property tax luxury tax national park entrance fees cigarette tax Answer Bank a lump-sum or poll tax
Tina Taxpayer makes $75,000 a year. What are her average and marginal tax rates if she is required to pay a lump-sum tax of $5,000? Submit your answers as percentages, and round to two decimal points. Tina's average tax rate: 6.67 Tina's marginal tax rate: Identify whether the tax or payments listed are consistent with the benefits principle or the ability-to-pay principle of tax fairness. Please note that not all items need to be placed. Benefits (received) principle Ability-to-pay principle carbon tax gasoline taxes income tax progressive property tax luxury tax national park entrance fees cigarette tax Answer Bank a lump-sum or poll tax
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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