Which of the following taxes is most clearly based on the benefits-received principle of taxation?
a. corporate income tax
b. gasoline tax
c. personal income tax
d. payroll tax
e. value added tax
B
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Suppose a new cost-saving device will forever generate $1,000 net savings per year to a firm. The device costs $10,000. Using the Internal Rate of Return approach, will the firm make the investment?
A) definitely B) definitely not C) if the interest rate exceeds 10% D) if the interest rate is less than 10%
The theory that the wealthy should contribute more to police protection than the poor because they have more to protect is based on
a. the ability-to-pay principle. b. a consumption tax plan. c. the benefits principle. d. property tax assessments.
Currently capitalist income, that is, corporate profits, interest, and rent, accounts for about what percentage of the income paid to American resource suppliers?
A. 10 percent. B. 20 percent. C. 50 percent. D. 80 percent.
Which of the following would NOT be considered unemployed?
A. a job leaver who is looking for a better job B. a new entrant to the labor force C. an individual fired by her employer D. a newly retired worker