What best describes why higher-income people are more likely to be landlords in terms of tax benefits? [Note: this question is vague, so you should understand why the answer matters] O Higher-income people pay lower property taxes O Higher-income people have a higher marginal tax rate

80 F3 What is an excise tax? O Taxes applied to specific goods or services as a source of revenue O A tax applied broadly to all goods O A tax on any exercise related equipment O All answers are correct Q F4 O F5 MacBook Air F6 8 F7

Figure 6-9 Price $20 N NAS8ON 00 18 16 14 12 10 6 4 2 0 O $6. O $4. 10 20 30 40 50 60 70 80 90 $10. $2. S Datter Tax Refer to Figure 6-9. The amount of the tax per unit is D Quantity

Question 5: Combined state and federal taxes on gasoline average around 50 cents per gallon, and these taxes are statutorily levied on gasoline sellers. Because the demand for gasoline is relatively inelastic compared to the supply of gasoline: buyers likely do not bear much of the actual burden because it is statutorily levied on sellers who must submit the tax payments. sellers likely bear most of the actual burden of the tax through lower gasoline prices. O the net price received by sellers after they pay taxes likely falls by almost the full amount of the tax. O buyers likely bear most of the actual burden of the tax through higher gasoline prices.