The portion of the payroll tax levied on employers is:- ○ Regressive, if the incidence is on employees.- ○ Difficult to determine without knowing the relative labor supply and demand elasticities.- ○ Progressive, if the incidence is on employers.- ○ Proportional, if the incidence is on employers.

Payroll tax is withheld by an employer from an employee's pay. The employer later pays it to the…

Answered: i. The portion of the payroll tax…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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i. The portion of the payroll tax levied on employers is O regressive, if the incidence is on employees. O difficult to determine without knowing the relative labor supply and demand elasticities. O progressive, if the incidence is on employers. O proportional, if the incidence is on employers.