If a taxpayer's total tax liability is $30,000,taxable income is $100,000,and economic income is $120,000,the average tax rate is 30 percent.
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Q9: The Sixteenth Amendment to the U.S.Constitution permits
Q10: Regressive tax rates decrease as the tax
Q11: When a change in the tax law
Q12: Until about 100 years ago,attempts to impose
Q13: The marginal tax rate is useful in
Q15: The corporate tax rate is
A)progressive.
B)regressive.
C)proportional.
D)none of the
Q16: Which of the following taxes is proportional?
A)gift
Q17: The terms "progressive tax" and "flat tax"
Q18: If a taxpayer's total tax liability is
Q19: A taxpayer's average tax rate is the
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