Which of the following is a tax on labor?
a. Medicare tax
b. inheritance tax
c. sales tax
d. All of the above are labor taxes.
Which of the following is a tax on labor?
a. Medicare tax
b. inheritance tax
c. sales tax
d. All of the above are labor taxes.
Related textbook solutions
Related questions
1. In a progressive tax structure
the marginal tax rate exceeds the average tax rate for all but the first category or bracket.
taxes do not change the gap between upper and lower-income groups.
the average tax rate rises as income falls.
all the choices are correct.
2. You earn $40,000 and your income tax is $6,000. When you get a raise to $50,000 your income tax rises to $8,000. Which of the following is true?
Your average tax rate was 15% at $40,000.
Your marginal tax rate between these two incomes was 20%.
Your average tax rate is 16% at $50,000.
All of the above
3. If Person A earns a salary of $40,000 and Person B earns a salary of $800,000:
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Person A will pay the same Medicare tax rate as person B. |
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Person A will pay a larger Medicare tax rate than person B. |
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Person A will pay a smaller Medicare tax rate than person B. |
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The relative Medicare tax rate depends on their exemptions and withholdings. |
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4. Net export is a positive figure when
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a nation's exports of goods and services exceed its imports |
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depreciation exceeds gross private domestic investment |
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the economy's stock of capital is declining |
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a nation's imports of goods and services exceed its exports |
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