ASSIGNMENT 1 CHAPTER 1: AN INTRODUCTION TO TAX TAXATION ACCOUNTING (ACC412) SEMESTER 2, 2019-2020 ANSWER ALL QUESTIONS QUESTION 1 Courtney recently received a speeding ticket on her way to the university. Her fine was $200. Is this considered a tax? Why or why not? QUESTION 2 Marlon and Latoya recently started building a house. They had to pay $300 to the county government for a building permit. Is the $300 payment a tax? Why or why not? QUESTION 3 To help pay for the city's new stadium, the city of Birmingham recently enacted a 1 percent surcharge on hotel rooms. Is this a tax? Why or why not? QUESTION 4 Describe the differences between proportional, progressive, and regressive tax rate structures. QUESTION 5 What are unemployment taxes? QUESTION 6 The state of Georgia recently increased its tax on a pack of cigarettes by $2. What type of tax is this? Why might Georgia choose this type of tax? QUESTION 7 What is an ad valorem tax? Name an example of this type of tax