Take the test: Fourth Annual Arizona Economic Confidence Quiz

How confident are you that you understand background facts on economic issues? For the fourth year running, members of the Economic Club of Phoenix were quizzed on their grasp of economic fundamentals at their final luncheon of the season, on May 18. Take the test yourself — some of the answers may surprise you!

How confident are you that you understand background facts on economic issues? For the fourth year running, members of the Economic Club of Phoenix were quizzed on their grasp of economic fundamentals at their final luncheon of the season, on May 18. Give yourself 10 points for each correct answer; the bonus question counts double.

On question 3, give yourself one point for each correct state you name, and 10 points if you can name all nine. The highest score at the Economic Club was 70 percent.

1. According to the Tax Foundation, what percentage of federal tax collections comes from the top 5 percent (adjusted gross income) of taxpayers: 20 percent, 40 percent,60 percent or 80 percent?
2. What is the bottom cut-off of adjusted gross income of the top 5 percent of U.S. taxpayers: $120K, $160K, $225K or $350K?
3. Nine states have no state personal income tax. Name as many as you can.
4. Of 41 states with an income tax, how many have a top rate higher than Arizona: none, 22, 35 or all?
5. Five of these states have the greatest number of state government employees per 10,000 population. The other five are the bottom five states. Which are the top five? Arizona, Alaska, California, Delaware, Florida, Hawaii, Illinois, Nevada, New Mexico or North Dakota?
6. How many legal immigrants does the U.S. admit each year?365K, 720K, 1.1 million or 2.2 million?
7. What decade had the highest rate of US legal immigration (at 10.4 per 1,000 of population)?1900-10, 1920-30, 1950-60 or 1980-90?
8. In 2006, 6,000 Arizona taxpayers reported $1 million or more adjusted gross income. In 2009 this number will be about 3,500; 4,500; 5,500 or 6,500?
9. In tax year 1995, the average filers who reported Federal adjusted gross incomes between $150k and $200k paid about $5,500 in Arizona individual income taxes. In 2009, the average filer in this income bracket paid how much: $2,500; $4,000; $5,500 or $7,000? Bonus Question:What percentage of Caterpillar sales are engines sold for other applications: 15, 25, 33 or 65 percent?