Identify whether each of the following taxes is progressive or regressive. a. Personal income tax: (Click to select) v b. Sales taxes: (Click to select) c. Payroll taxes: (Click to select) v d. Property taxes: (Click to select) v

Q: 1. Which of the following is an example of govemment discretionary spending:  A) Social Security…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: What is the marginal tax rate? Select one: A. Total income divided by total taxes. B. The proportion…

A: The marginal tariff rate is how much extra duty paid for each extra dollar acquired as pay

Q: 5 The largest source of government revenues is ________.   Select one: a. personal income taxes…

A: The question is asking to identify the largest source of government revenues among the given…

Q: 14. What is the agency responsible for collecting taxes at the O the Federal Tax Office the…

A: The agency responsible for collecting taxes at the federal level is the Internal Revenue Service.

Q: help please answer in text form with proper workings and explanation for each and every part and…

A:

Q: katie earns $40,000 and pays $4,500 in taxes and Samantha earns $80,000 and pays $9,000 in taxes,…

A: Taxes are the share of income which is charged by the government.

Q: Write down the problem the car manufacturer solves to find the levels of 'K' and 'L' that minimize…

A:

Q: Assume for the following scenario that there is a 10% sales tax on gasoline. Determine the amount of…

A: The sales tax of 10% is implemented. The taxable income income and gasoline expenditure for each…

Q: Which of the following statements is/are correct? Select one: a. A head tax is proportional to the…

A: People pay the government a certain amount of money called a tax in exchange for the services that…

Q: Calculate net indirect taxes if indirect taxes is $30 million and the subsidies are $16 million

A: The given information is as follows:- Indirect taxes = $30 million Subsidies = $16 million We have…

Q: Percent of Income Paid in Total amount Income Tax of Tax Paid Family $10,000 20% $2,000 A Family…

A: Here, there are three families having different income levels and paying the same tax rate. A income…

Q: $4,00060, 00024,000.0060,000$6,000Complete the following table by deriving the marginal tax rates in…

A: Information on the income tax systems in two hypothetical countries:Country ACountry BTaxable income…

Q: The Federal Government brings in revenue through taxation in all of the following forms EXCEPT:   A.…

A: The federal government does not primarily depend on sales and property taxes to generate sales.…

Q: Given the following hypothetical income tax brackets: Income Marginal tax rate $0-$1,000 10% $1,001…

A: Marginal tax rates apply to income in specific brackets, taxing each section of income according to…

Q: true

A: Cigarette tax is an excise tax  Excuse taxes are specific taxes required on goods and services like…

Q: Complete the following table by calculating the negative tax and total after-tax income for each…

A: It can be defined as a policy of the government in which Any individual or family in the economy has…

Q: A regressive tax A. ​imposes a greater burden on those with higher incomes than on those with lower…

A: A regressive tax is the tax based on income.  The regressive tax is inversely proportional to…

Q: Where does the federal government obtain almost all of their revenue?     foreign governments…

A: Government revenue is the income available to fund the activities of a government. Government can…

Q: Tax Bracket :  0-$20,000 = 10% $20,001-$60,000 = 15%  $60,001-$100,000 = 35%…

A: Given information: Income between $ 0 to $20,000 is taxed at 10%   ------------> first tax slab…

Q: A tax that takes a smaller percentage of an individual's income as their income rises is called a a.…

A: Tax are the mandatory charge levied by the government.  There are two types of tax:- direct tax and…

Q: There is an _________ relationship between tax rate and supply of a good

A: The tax imposed by the government and the subsidy lend by the government all impacts the cost of…