Consider the following categories of taxes: I. wealth tax II. consumption tax III. Direct tax IV. Indirect tax Using the above categories only, an estate tax can be considered to be:

Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: The Design Of The Tax System
Section12.1: An Overview Of U.S. Taxation
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4.

1)

Consider the following categories of taxes:

I. wealth tax

II. consumption tax

III. Direct tax

IV. Indirect tax

Using the above categories only, an estate tax can be considered to be:

  a.

III. only

  b.

IV. only

  c.

Both I. and III.

  d.

Both I. and IV.

  e.

Both II. and IV.

 

2)

Which of the following is true of all social insurance programs?

  a.

They are paid for by funds contributed only by employers.

  b.

They are paid for by funds contributed only by employees.

  c.

The initiation of payments depends on the occurrence of some kind of event in a person's life.

  d.

Whether a person receives payments is contingent on the wealth and/or income of the covered person.

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