1. When supply is elastic and demand is inelastic, tax incidence falls on the ___.

a) government

b) producer

c) consumer

2) If the demand for a product is inelastic but the supply is elastic, the ____ will bear the tax incidence.

a) producer

b) consumer

c) government

3. An example of a progressive tax would be

a) the Medicare payroll tax of 2.9% of income for everyone, regardless of how much they earn.

b) a Social Security tax rate of 5% on earned income below $100,000 and 0% on income earn above $100,000.

c) an income tax with a 10% tax rate on low income households and 20-30% tax rates on higher income households.

4. Which of the following example(s) describe a proportional tax?

a) Social Security tax rate of 6.2% on earned income below $117,000 and 0% on income earned above $117,000

b) Medicare payroll tax of 2.9% of income for everyone, regardless of how much they earn.

c) Income tax with a 10% tax rate on low income households and 20-30% tax rates on higher income households.

Help please!