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

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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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:
Transcribed Image Text: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
Transcribed Image Text: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
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