3 Suppose that the local authorities in a small community decide to offer a bill that establishes a public park.The community members must vote for or against the proposed park. To build and maintain the park, thecommunity must pay $6000 per year. Each voter in the community must pay an equal amount in taxes tocover the expenses. Below is a list of each voter and the dollar value of the annual benefit that each voterreceives from the park.VoterAnnual BenefitNet BenefitVoteper VoterA$900B1308006003001100DEFG770H8501. Considering the tax burden per voter and the benefits that each receives, determine the net benefits or costsofthe park to each voter. Put your answers in the table above.2. Ifeach person detemines their vote according to net benefits or costs, then who will vote for and who willvote against the proposed bill? Fill out the last column of the table above. Will this bill pass? Why or whynot?3. Is this project an efficient use of resources when you consider the total costs and benefits each year?

Net benefit is the benefit which has been earned from the project by investing into such project…

1. Considering the tax burden per voter and the benefits that each receives, determine the net benefits or costs ofthe park to each voter. Put your answers in the table above. 2. Ifeach person determines their vote according to net benefits or costs, then who will vote for and who will vote against the proposed bill? Fill out the last column of the table above. Will this bill pass? Why or why not? 3. Is this project an efficient use of resources when you consider the total costs and benefits each year?

1. Considering the tax burden per voter and the benefits that each receives, determine the net benefits or costs ofthe park to each voter. Put your answers in the table above. 2. Ifeach person determines their vote according to net benefits or costs, then who will vote for and who will vote against the proposed bill? Fill out the last column of the table above. Will this bill pass? Why or why not? 3. Is this project an efficient use of resources when you consider the total costs and benefits each year?

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter5: Introduction To Business Expenses

Section: Chapter Questions

Problem 44P

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