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- The social security tax is 6.2 on employees income earned below 113,000. Is this tax progressive, regressive or proportional?The graph shown demonstrates a tax on buyers. Before the tax was imposed. sellers produced for each one sold A 6: $24 B) 6: $22 9: $30 9: $38 a 34 30 22 18 6 E₁ 6 10 DI D₂ units and receivedPrice $6.00 $8.00 $10.0 $4.00 $20 18 16- 14 12 10- 8 6- 4- 2 0 10 20 30 40 50 60 70 80 90 Dafter Tax D Quantity Refer to the figure above. What is the share of the tax burden per unit that sellers would pay?
- Figure 6-21 15 12 Price 80 105 120 S₂ Demand 160 Quantity Refer to Figure 6-21. How is the burden of the tax shared between buyers and sellers? Buyers bear A Othree-fourths of the burden, and sellers bear one-fourth of the burden. Otwo-thirds of the burden, and sellers bear one-third of the burden O one-half of the burden, and sellers bear one-half of the burden. one-fourth of the burden, and sellers bear three-fourths of the burden.17- 16 15 14 13- 12 St 10- 9- 8- 7- 6- D Dt Epand What is the consumer's tax incidence and what is the producer's tax incidence Select one: a. Consumer's tax incidence is 50: producer's tax incidence is $12 b.Consumer's tax incidence is $6: producer's tax incidence is $6 Oc Consumer's tax incidence is $12: producer's tax incidence is $0 d. Consumer's tax incidence is $8: producer's tax incidence is $4 e. Consumer's taxincidence is $4; producer's tax incidence is $8 bpard