Not use ai please What is the government revenue created from this tax?a. 36b. 63c. 126d. 150

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Answered: What is the government revenue created…

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter30: Government Budgets And Fiscal Policy

Section: Chapter Questions

Problem 26RQ: What is the difference between a progressive tax, a proportional tax, and a regressive tax?

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What is the difference between a progressive tax, a proportional tax, and a regressive tax?
What are the main categories of U.S. federal government taxes?
identify the various classification of income tax and explain briefly each.
What is the government's share from this tax, i.e., it's total tax revenue?
5.25 5.00 4.75 4.50 4.25 4.00 3.75- 3.50 3.25 3.00 2.75 2.50 2.25 2.00 300 320 340 360 380 400 Suppose that a $0.75 tax is imposed in this market. What is the tax incidence? 1/3 1/2 2/3
Figure 6-18 ↑price S after tax 7 IS 65 6 55 5 45 4 ID 35 3 25 2 15 1 05 5 10 15 20 25 30 35 40 45 50 55 60 65 70 9uantity Refer to Figure 6-18. How much tax revenue does this tax generate for the government? $125 $175 $75 $300
Lesson 11 Question 2
A) What type of taxation does a Sole proprietorship have? Single or double B) What type of taxation does a LLC have? Single or double
Why is the burden of a tax to taxpayers greater thanthe revenue received by the government?
Case II: Attached is a graph diagram depicting the market for soft drinks. If an excise tax equal to $1 per liter is levied on soft drink sellers, please answer the following questions: 1. Buyers would spend a total of $____________ million on soft drinks. 2. Sellers would receive a total of $____________ million (after-tax) from selling soft drinks. 3. The government revenue from this tax would be $_____________ million.
36. Assuming a $7 per unit tax is imposed, the revenue raised by the government will be $______. a) 10 b) 12 c) 14 d) 16 e) 19 f) 28 g) 36 h) 48 i) 66 j) 70 k) 84
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What is the government revenue created from this tax? a. 36 b. 63 c. 126 d. 150