Question 16How strongly should demographics influence the federal budget planning process?O not strongly, because demographics do not change much from year to yearO not strongly, because reductions in discretionary spending can always adjust for demographicsO not strongly, because federal budgets do not change much from year to yearO very strongly, because demographics is driving growth in mandatory spendingO very strongly, because the budget is a function of gross domestic product (GDP), which is determined bydemographicsQuestion 50According to the U.S. Federal Tax Rates, a person earning $100,000 in a given year is in the 24% taxbracket, How much will this individual owe in taxes for that year?O less than $60,000 but greater than $42,000O less than $42,000 but greater than $30,000O less than S$30,000 but greater than $18,000O less than S18,000 but greater than $9,000O greater than $0 but less than $9,000Question 36Suppose you are offered a $20,000 raise at work. Your marginal income tax rate is 22%. Your averageincome tax rate is 17.5%. Your overall average tax rate, including social insurance, is 25.15%. Theadditional total tax you owe to the federal govermment (assuming you stay in the same rate błacket) if youaccept the job will beO $6,250O 3,500O $4,400O 55,030O 55,930

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Question 16 How strongly should demographics influence the federal budget planning process? not strongly, because demographics do not change much from year to year O not strongly, because reductions in discretionary spending can always adjust for demographios O not strongly, because federal budgets do not change much from year to year O very strongly, because demographics is driving growth in mandatory spending O very strongly, because the budget is a function of gross domestic product (GDP), which is determined by demographics

Question 16 How strongly should demographics influence the federal budget planning process? not strongly, because demographics do not change much from year to year O not strongly, because reductions in discretionary spending can always adjust for demographios O not strongly, because federal budgets do not change much from year to year O very strongly, because demographics is driving growth in mandatory spending O very strongly, because the budget is a function of gross domestic product (GDP), which is determined by demographics

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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