f payroll taxes are imposed on a job that has inelastic demand, who pays for the taxes?     Employer pays for all      Employee pays for all      Split half half between employer and employee      Both pay but majority is paid by employer      Both pay but majority is paid by employee

Q: What is the gross profit? none of the choices How much is the operating expense? [ Select] How much…

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Q: The statutory incidence of an excise tax of $50 dollars is placed on the seller of a good but the…

A: Excise tax is defined as the tax that is imposed on specific goods or services like, fuel, tobacco…

Q: Complete the following table, given the information presented on the graph. Result Value Per-unit…

A: Tax refers to the amount of money imposed on the production or consumption of certain goods or…

Q: WAGE (Dolars per hour) #9 ++ 30 60 90 120 150 10 240 240 270 300 LABOR (Number of workers) Tax…

A: After tax wage paid by employer=Equilibrium wage+tax levied on employerAfter tax wage received by…

Q: PA 17 16 15 14- 13 12- St %1 10- 9- 8- 7- 6- Dt 2- What is the consumer's tax incidence and what is…

A: From the diagram we can observe that due to the imposition of the tax, the demand curve has shifted…

Q: the vertical distamce betwen pom A amd B nepresents a tax im the manket. supply 12 1 Demand 35 50…

A: When government impose tax the burden of tax is shared by buyer and seller both it can be imposed on…

Q: Compared to consumers, producers will lose the greater amount of surplus from a tax if supply is…

A: The correct Option is (A) That is the supply is more elastic than the demand

Q: A tax imposed in a market with an inelastic demand and supply will have no impact on total welfare.…

A: The elasticity refers to the responsiveness of the quantity demand due to change in the price. If…

Q: The supply of oil is more elastic than the demand for oil. If oil is taxed $10 per barrel, how will…

A: Elastic supply means when price increases by some percentage, quantity supply increases by more than…

Q: Which is included in indirect tax? Ca) Excise duty c) Both (a) and (b) (b) Sales tax (d) Wealth tax

A: According to the given question the one which is included in the indirect tax is Option(C) is…

Q: CBS is selling advertising for its broadcast of the AFC championship game. The station's demand for…

A: Vertical Integration refers to the process in which the supply chains of a final product are…

Q: Most businesses pay corporate income tax to the federal government based on the company's corporate…

A: The corporate income tax is paid based on the company's operating earnings.

Q: how much total tax revenue is ultimately paid by firms

A: Answer to the question is as follows:

Q: If sellers bear more of the burden of taxation then O supply is more elastic than demand O…

A: Tax incidence refers to the distribution of tax burden between buyers and sellers. The burden of the…

Q: Biden wants to raise the 15 dollars minimum wage. If you own your contractor do you have to pay that…

A: Contract labourers and independent contractors do not fall under the regime of minimum wage because…

Q: kshay is single and lives in Thunder Bay. Akshay earned $60,000 in 2013. The following table shows…

A: The marginal rate is that the rate on the last greenback of financial gain obtained. this can be…

Q: The Obama administration increased the tax on the top income tax bracket from 35% to 39%. Supply and…

A: Equilibrium is a steady state of balance of affairs where market adjustment occurs. Pricing is…

Q: and the price thai A. doesn't change; doesn't change B. doesn't change; rises by $1 a can C.…

A: 3. Compared to the old total surplus, the new total surplus will be less by the amount of the tax…

Q: ATA C Price e. C. PB Po Ps L ABI C 1 0 Size of tax per unit Ō w₂₁ LL Qo Supply If a tax is placed on…

A: The diagram shows a market for a product with supply and demand curves, and a tax is being forced.…

Q: It is a scheme to collect taxes on businesses and industries based on the amount of fossil fuels…

A: A kind of pollution tax that is imposed on businesses and individuals to burn carbon-based fuels…

Q: The graph shows the market for backpacks. Price (dollars per backpack) 22 20+ 18- 16- 14- 12+ 10- S…

A: Equilibrium is a state where supply and demand are balanced, ultimately leading to a stable market…

Q: 1. Understanding the implications of taxes on welfare The following graph represents the demand and…

A: Equilibrium without tax in the market occurs at the intersection of demand and supply.

Q: 5 4 3.5 3 2 Use the graph to answer the question that follows. Price ($) I I I 360 540 What is the…

A: The area from 3 to 3.5 ,360 represents the producer tax burden  the value is given by finding the…

Q: Tax revenue of the government includes : (a) Income tax (b) Corporate tax (d) All of these (c)…

A: According to the given question In simple words we can generally said that tax revenue is defined as…

Q: With a tax of Rs4/unit,the price of the good rises from Rs5/unit to Rs9/unit. Which of the following…

A: The market price of a good was Rs5 (before tax) It means the price paid by consumer (before tax) is…

Q: Calculate the size of the deadweight loss associated with this tax. ->

A: The demand curve is the graphical representation of the relationship between the quantity demanded…

Q: Figure 6-21 15 12 Price 105 120 S₂ Demand 160 Quantity Refer to Figure 6-21. How is the burden of…

A: Tax refers to a mandatory financial charge or levy imposed by a government on individuals,…

Q: Find the marked price and sales tax.   Total price Sales tax rate Marked price Sales tax ​$396.77…

A: The market price is the price at which a good or service is currently being bought or sold. The…

Q: (d) Demand and Supply equation after-tax. Demand equation Supply equation (e) Buyer's price…

A: A tax imposed on the quantity sold is a type of indirect tax that is levied on the quantity of a…

Q: Refer to Figure #2. When tax per unit is imposed, what is total tax revenue collected by the…

A: Per unit tax is the fixed tax imposed by the government on each unit of goods and services sold.

Q: solve 5 min this is the answer plz write hand written Here, the given graph shows the price for…

A: We can not provide handwritten solutions due to the company's policy. Taxes are the duties imposed…

Q: what happens in supply and demand when there is decrease in income tax but also an increase in sales…

A: It can be defined as a form of tax this tax is based on consumption and this tax is imposed by the…

Q: When demand is less elastic than supply, demanders pay a larger share of the tax and sellers pay a…

A: Elasticity is an important concept used by the government of the country to impose taxes on goods…

Q: Question 10 The producer’s share of a tax will be larger:   A) the greater the elasticity of…

A: Individuals must pay taxes to the government since they are a legal requirement. Taxes and…

Q: Instructions: Adjust the sliders so that the vertical intercept of the supply curve is $10.00 and…

A: Information from the given diagram, we have the following  Tax = 15 Price Paid by buyers = 58.08…

Q: Let price, P, be measured in pounds per item and Q be measured in million items. Let market demand…

A: Given the gross price = P Market demand, P = 303 - 0.5QMarket Supply, P = -20 + 0.6QTax, t = 16%

Q: Instructions: Type in the amount of a tax, and click Supply or Demand to choose whether the tax is…

A: The supply curve shows the quantity of a good or service that producers are willing and able to sell…

Q: 2. What is rent seeking? 3. What is market failure?

A: Rent seeking often results in inefficiencies in the market. It creates pricing disadvantages for the…

Q: Monthly rent $600 $560 $500 $460 3,000 8,000 10,000 New supply with a $100 tax OA. consumers pay the…

A: The demand curve is the graphical representation of the relationship between the quantity demanded…

Q: I# u tax Muvenu will be. Size is AB. then te tax 22 16 10 6. Demand 2. 00 600 a) $600 b) $ 800 5500…

A: A tax is a unilateral payment that the public need to make towards the government for various…

Q: Figure 6-9 Price $20 18 16 14 NA 12 10 86420 0 10 20 30 40 50 60 70 80 90 S $6. O $4. O $10. O $2.…

A: A mandatory payment levied by the government to collect public revenue to spend on public…

Q: Question 7 The C.P.I. INCLUDES which of the following? O a. Soldier uniforms, Congressional…

A: When talking about consumer price index, the term itself depicts the measurement of inflation using…

Q: WAGE (Dollars per hour) 20 18 16 2 0 0 1 1 I 2 0 I Levied on Employers (Dollars per hour) 60 120 180…

A: The equilibrium in the market is achieved when the quantity demanded and the quantity supplied are…

Q: Complete the following table, given the information presented on the graph. Result Value Equilibrium…

A: Tax is the imposed imposed price on per unit price of a particular product. The tax increases the…