Browse the Topics, Table of Contents, and Index
Follow us:
Twitter Facebook

5.1–5.2 Quiz

5.1–5.2 Quiz
<
>
  • 1. Alabama State and Local Taxes

    The income for a family in the second 20% is $25,000. How much, in dollars, does this family pay for each type of tax?

    • Worked-Out Solution
      yellow square Sales & Excise Taxes:
      orange square Property Taxes:
      blue square Income Taxes:
    Comments (0)

    These comments are not screened before publication. Constructive debate about the information on this page is welcome, but personal attacks are not. Please do not post comments that are commercial in nature or that violate copyright. Comments that we regard as obscene, defamatory, or intended to incite violence will be removed. If you find a comment offensive, you may flag it.
    When posting a comment, you agree to our Terms of Use.

      _____      ___      _____    _    _   __    __  
     |__  //    / _ \\   /  ___|| | || | || \ \\ / // 
       / //    / //\ \\ | // __   | || | ||  \ \/ //  
      / //__  |  ___  ||| \\_\ || | \\_/ ||   \  //   
     /_____|| |_||  |_|| \____//   \____//     \//    
     `-----`  `-`   `-`   `---`     `---`       `     
                                                      
    
    Showing 0 comments
    Subscribe by RSS
    There are no comments.
  • 2. Alabama State and Local Taxes

    Determine whether each type of tax is regressive, flat, or progressive in Alabama. Explain your reasoning.

    1. Sales and exercise taxes
    1. Property taxes

    Comments (0)

    These comments are not screened before publication. Constructive debate about the information on this page is welcome, but personal attacks are not. Please do not post comments that are commercial in nature or that violate copyright. Comments that we regard as obscene, defamatory, or intended to incite violence will be removed. If you find a comment offensive, you may flag it.
    When posting a comment, you agree to our Terms of Use.

     __   __    ______    _  __   _    _             
     \ \\/ //  /_   _//  | |/ // | || | ||   ____    
      \   //    -| ||-   | ' //  | || | ||  |    \\  
      / . \\    _| ||_   | . \\  | \\_/ ||  | [] ||  
     /_//\_\\  /_____//  |_|\_\\  \____//   |  __//  
     `-`  --`  `-----`   `-` --`   `---`    |_|`-`   
                                            `-`      
    
    Showing 0 comments
    Subscribe by RSS
    There are no comments.
  • 3. Alabama State Income Tax

    Alabama has a graduated income tax. The table shows the marginal tax rates for the "single" and "married filing jointly" statuses.

    data folder

    Find the state income tax and the effective tax rate for a single taxpayer with a taxable income of $30,000.

    • Worked-Out Solution

      The spreadsheet shows the calculations for a single taxpayer.

      So, the taxpayer owes $1460 in state income tax.

      Notice that Alabama's state income tax rate is essentially flat. If it was a flat rate of 5%, the taxpayer would owe $1500 in state income tax, which is only $40 more.

    Comments (0)

    These comments are not screened before publication. Constructive debate about the information on this page is welcome, but personal attacks are not. Please do not post comments that are commercial in nature or that violate copyright. Comments that we regard as obscene, defamatory, or intended to incite violence will be removed. If you find a comment offensive, you may flag it.
    When posting a comment, you agree to our Terms of Use.

      ______     ___       _____   _    _     _  __  
     /_   _//   / _ \\    / ___// | || | ||  | |/ // 
       | ||    | / \ ||   \___ \\ | || | ||  | ' //  
      _| ||    | \_/ ||   /    // | \\_/ ||  | . \\  
     /__//      \___//   /____//   \____//   |_|\_\\ 
     `--`       `---`   `-----`     `---`    `-` --` 
                                                     
    
    Showing 0 comments
    Subscribe by RSS
    There are no comments.
  • 4. Alabama State Income Tax

    Alabama has a graduated income tax. The table shows the marginal tax rates for the "single" and "married filing jointly" statuses.

    data folder

    Find the state income tax and the effective tax rate for a married couple filing jointly with a taxable income of $100,000.

    Comments (0)

    These comments are not screened before publication. Constructive debate about the information on this page is welcome, but personal attacks are not. Please do not post comments that are commercial in nature or that violate copyright. Comments that we regard as obscene, defamatory, or intended to incite violence will be removed. If you find a comment offensive, you may flag it.
    When posting a comment, you agree to our Terms of Use.

      ______   __   __    _____      ___     _    _   
     /_   _//  \ \\/ //  / ____||   / _ \\  | \  / || 
       | ||     \ ` //  / //---`'  / //\ \\ |  \/  || 
      _| ||      | ||   \ \\___   |  ___  ||| .  . || 
     /__//       |_||    \_____|| |_||  |_|||_|\/|_|| 
     `--`        `-`'     `----`  `-`   `-` `-`  `-`  
                                                      
    
    Showing 0 comments
    Subscribe by RSS
    There are no comments.
  • 5. Alabama State Income Tax

    Alabama has a graduated income tax. The table shows the marginal tax rates for the "single" and "married filing jointly" statuses.

    Analyze the following statement.

    • Worked-Out Solution

      In Alabama, it is only the first $500 of income that is subject to a tax rate of 2%. The next $2500 is subject to a tax rate of 4%. All remaining income is subject to the full tax rate of 5%.

      The means that most taxpayers in Alabama pay "almost" 5% state income tax.

    Comments (0)

    These comments are not screened before publication. Constructive debate about the information on this page is welcome, but personal attacks are not. Please do not post comments that are commercial in nature or that violate copyright. Comments that we regard as obscene, defamatory, or intended to incite violence will be removed. If you find a comment offensive, you may flag it.
    When posting a comment, you agree to our Terms of Use.

     __   __     ___      ____     _    _             
     \ \\/ //   / _ \\   |  _ \\  | || | ||   ____    
      \   //   | / \ ||  | |_| || | || | ||  |    \\  
      / . \\   | \_/ ||  | .  //  | \\_/ ||  | [] ||  
     /_//\_\\   \___//   |_|\_\\   \____//   |  __//  
     `-`  --`   `---`    `-` --`    `---`    |_|`-`   
                                             `-`      
    
    Showing 0 comments
    Subscribe by RSS
    There are no comments.