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Pearson Federal Taxation 2017 chapter1. 1. Carmen has computed that her average tax rate is 16% and her marginal tax rate is 25% for the

Pearson Federal Taxation 2017 chapter1.

1. Carmen has computed that her average tax rate

is 16% and her marginal tax rate is 25% for

the current year. She is considering whether to

make a charitable contribution to her church before

the end of the tax year. Which tax rate is of

greater significance in measuring the tax effect

for her decision? Explain.

2. Indicate which of the following taxes are generally

progressive, proportional, or regressive:

a. State income taxes

b. Federal estate tax

c. Corporate state franchise tax

d. Property taxes

e. State and local sales taxes

3. The primary objective of the federal income tax

law is to raise revenue. What are its secondary

objectives?

4. What types of taxpayers are more likely to be

audited by the IRS?

5. Congressman Patrick indicates that he is opposed

to tax proposals that call for a flat tax rate because

the structure would not tax those individuals who

have the ability to pay the tax. Discuss the position

of the congressman, giving consideration to

tax rate structures (e.g., progressive, proportional,

and regressive) and the concept of equity

image text in transcribed I1-5, I1-10, I1-15, I1-29, I1-3 1. Carmen has computed that her average tax rate is 16% and her marginal tax rate is 25% for the current year. She is considering whether to make a charitable contribution to her church before the end of the tax year. Which tax rate is of greater significance in measuring the tax effect for her decision? Explain. 2. Indicate which of the following taxes are generally progressive, proportional, or regressive: a. State income taxes b. Federal estate tax c. Corporate state franchise tax d. Property taxes e. State and local sales taxes 3. The primary objective of the federal income tax law is to raise revenue. What are its secondary objectives? 4. What types of taxpayers are more likely to be audited by the IRS? 5. Congressman Patrick indicates that he is opposed to tax proposals that call for a flat tax rate because the structure would not tax those individuals who have the ability to pay the tax. Discuss the position of the congressman, giving consideration to tax rate structures (e.g., progressive, proportional, and regressive) and the concept of equity

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