5 The largest source of government revenues is ________. Select one: a. personal income taxes b. Social Security taxes c. corporate income taxes
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Q: Figure 6-18 price Satrtar 65- 6. 43 4- 35 25 2- 15 1. 05- s 10 15 20 25 30 35 40 45 s0 ss 60 6s 70…
A: The solution can be better explained with the help of the diagram below:
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Q: 9.which flows represent taxes? a. C and D b. E and F c. A and B d. D and E
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A: In financial matters, tax incidence or tax burden is the impact of a specific tax on the…
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A: NOTE- First three parts has been answered according to Bartleby's answering policy. If you need…
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A: Excise tax is the type of tax is imposed on the products during their manufacturing process and paid…
Q: Federal revenue consists of taxes levied on
A: Federal revenue refers to the total revenue earned by the government through both tax and non-tax…
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A: Govt revenue refers to the total amount of money that a govt collects from various sources to fund…
Q: 38.Explain why economists today tend to favor a comprehensive personal consumption tax.
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A: Since, the city has a positive revenue after taxation, therefore, the surplus suggests the Tax…
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A: The objective of this question is to calculate the marginal and average tax rates under two…
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A: This will be explained by the graph below(suppose this is the demand and supply curve for good x):
Q: Income Quintile Before-Tax Share After-Tax Share Highest 52 8% 49.5% Second-Highest 20.6% 21.2%…
A: Given values: The income share of Highest (top quantile) before tax = 52.8%The income share of…
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A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: 3- Why the government sector imposes a tax on firms and households.
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A: Government revenue is the income available to fund the activities of a government. Government can…
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A: Government spending: It means the spending by the public sector on goods and services.
Q: cial utive
A: The branch of federal government which must approve a budget is the legislative.
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A: “Since you have posted multiple questions, we will provide the solution only to the first question…
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A: A progressive tax is one that is based on the ability of the taxpayer to pay.
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Q: s this tax progressive regressive or pronortional?
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Q: 5. The tax system is used to reduce income inequality through the use of _____ taxes. Select one:…
A: We know that Tax is the amount that is charged by the government from an individual or an…
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Q: 7.Which flows represent taxes? a. C and D b. E and F c. A and B d. D and E
A: Introduction In the modern economy, money is used in the process of exchange. In the monetary…
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A:
Q: 1. What taxes are classified as national internal revenue taxes?
A: Taxes are like contributions we make to our country's savings account. The government uses this…
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Q: Question 7 Which of the following taxes is regressive? a a tax of 25% on the first $100,000…
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5
The largest source of government revenues is ________.
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- What are the main categories of U.S. federal government taxes?Based on the following data: Taxable income ($) Total tax ($) 1500 5 2500 110 3000 200 4500 400 5000 600 6000 900 Please answer the next questions. 1. What kind of tax is illustrated, i.e, structural, perverse, proportional or progressive. Explain. 2. If your taxable income is $5000, what is your average tax rate? 3. If your taxable income increases from $5000 to $6000, what is your marginal tax rate?-Discuss the effects of direct taxes on consumer behavior. (It should be composition and it should include minimum 200 words.)
- Which tax is paid on individual income from sales of assets? a-sales tax b-excise tax c-estate tax d-capital gains taxBefore-Tax After-Tax Income Quintile Share Share Highest 52. 8% 49.5% Second-Highest 20.6% 21.2% Middle 14.1% 15.1% Second-Lowest 8.6% 9.7% Lowest 4.0% 4.7% Instructions: Enter your responses as a percentage rounded to one decimal place. According to the table, by how many percentage points does the federal income tax a. reduce the income share of the top quintile? % b. increase the share of the lowest quintile?What would not result from replacing the income tax with consumption tax Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
- Percent of Income Paid in Total amount Income Tax of Tax Paid Family $10,000 10% $1,000 A Family $50,000 20% $10,000 В Family $100,000 30% $30,000 C Identify the tax structure based on the tax chart. Proportional Tax Progressive Tax Regressive TaxWhy are sales taxes considered regressive?A) What type of taxation does a Sole proprietorship have? Single or double B) What type of taxation does a LLC have? Single or double
- Define Taxation What is Income tax What is a value-added tax What is Sales tax What is an excise tax What is a business tax What is corporate taxQuestion 27/28 A BOOKMARK Under which type of taxation do you pay a higher percentage the more money you make? A Progressive B Regressive Proportional DELL C # & 司 %24 %23 个Percent of Income Paid in Total amount Income Tax of Tax Paid Family $10,000 20% $2,000 A Family $50,000 20% $10,000 В Family $100,000 20% $20,000 C Identify the tax structure based on the tax chart. Regressive Tax Progressive Tax Proportional Tax
