4. Suppose the current wage rate is $10, and E workers are being hired at this wage. Assume a payroll tax of $2 on workers is introduced (with no payroll tax on the firm). a. Show me in a diagram the scenario where MOST of the tax burden falls on workers. Provide estimates of how much tax burden has fallen on workers and how much has fallen on firms (Compare your answers before and after the tax). b. illustrate in a diagram the scenario where MOST of the tax burden falls on the firm. Provide estimates of how much tax burden has fallen on workers and how much has fallen on firms. c. illustrate in a diagram the scenario where all of the tax burden falls on the firms. Provide estimates of how much tax burden has fallen on workers and how much has fallen on firms.

4. Suppose the current wage rate is $10, and E workers are being hired at this wage. Assume a payroll tax of $2 on workers is introduced (with no payroll tax on the firm). a. Show me in a diagram the scenario where MOST of the tax burden falls on workers. Provide estimates of how much tax burden has fallen on workers and how much has fallen on firms (Compare your answers before and after the tax). b. illustrate in a diagram the scenario where MOST of the tax burden falls on the firm. Provide estimates of how much tax burden has fallen on workers and how much has fallen on firms. c. illustrate in a diagram the scenario where all of the tax burden falls on the firms. Provide estimates of how much tax burden has fallen on workers and how much has fallen on firms.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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