QUESTION 1 The rational for cutting payroll tax during economic downturn is stated correctly by which of the following?. Payroll tax is a lump-sum tax. Reduction of it lowers the non-wage income and encourages workers to work more. Payroll tax is a lump-sum tax. Reduction of it raises the non-wage income and encourages workers to work more. Payroll tax is a flat rate labor income tax. Reduction of it raises the after tax wage rate and encourages workers to work mo Payroll tax is a flat rate labor income tax. Reduction of it lowers the after tax wage rate and encourages workers to work mo QUESTION 2 Which of the following taxes are labor income taxes or have a component that is labor income tax? (1) payroll tax. (II) individual income tax. (III) corporate income tax. (V) sales tax. (V) property tax. (VI) excise and customs. (IV), (V), and (VI). (1) and (II). (II) and (III). (II), (III), and (V).

QUESTION 1 The rational for cutting payroll tax during economic downturn is stated correctly by which of the following?. Payroll tax is a lump-sum tax. Reduction of it lowers the non-wage income and encourages workers to work more. Payroll tax is a lump-sum tax. Reduction of it raises the non-wage income and encourages workers to work more. Payroll tax is a flat rate labor income tax. Reduction of it raises the after tax wage rate and encourages workers to work mo Payroll tax is a flat rate labor income tax. Reduction of it lowers the after tax wage rate and encourages workers to work mo QUESTION 2 Which of the following taxes are labor income taxes or have a component that is labor income tax? (1) payroll tax. (II) individual income tax. (III) corporate income tax. (V) sales tax. (V) property tax. (VI) excise and customs. (IV), (V), and (VI). (1) and (II). (II) and (III). (II), (III), and (V).

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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