Which of the following is an example of an exemption?

Q: pay Based on your yearly income above, calculate the amount of tax each income bracket would under a…

A: A progressive tax refers to the tax rate which increases (or progresses) with the increase in…

Q: The tax on cigarettes in New York City is one of the highest in the nation—$5.85 per pack. What are…

A: Tax is a mandatory unilateral or one way payment made by the public towards the government in the…

Q: Tax is a type of revenue receipts True/False

A: The receipt which donot reduce any type of assets nor it creates liability for the government.

Q: Companies producing toilet paper bleach the paper to make it white. The bleach is discharged into…

A: Externalities occur when there is an indirect impact on a party that is not directly related to the…

Q: The price of a 2023 Ford Mustang GT is $61,800, and the sale tax is 5% How much do you owe in sales…

A: Sales tax is a type of consumption tax which is levied on sales of a product or goods and…

Q: Where does our taxes goes? What are the things that the government do to our taxes? Who are those…

A: As economies emerged, economic agents increased their demand for goods and services. Production of…

Q: The following graph shows the daily market for jeans. Suppose the government institutes a tax of…

A: In a free market the price and quantity is determined by the forces of demand and supply. The point…

Q: The graph shows the market for backpacks. Price (dollars per backpack) 22 20+ 18- 16- 14- 12+ 10- S…

A: Equilibrium is a state where supply and demand are balanced, ultimately leading to a stable market…

Q: why is the tax rate 6?

A: A pigouvian tax will be optimal when it is set equal to marginal social pollution cost at the…

Q: Analyze taxes on tobacco through the perspective of: a. a smoker b. a cigarette firm

A: In an economy, when taxes are imposed on buyers or sellers, there will be different impact due to…

Q: Why type of good are the best choice for levying or applying an excise tax? A. Goods that are…

A: Excise Tax: The excise tax is a type of indirect tax that is imposed on the sale of the commodity.…

Q: explain four reason why is tax important for a country

A: Tax is the unilateral payment made by the people towards the government for the income earned by the…

Q: Why does the government ass excise taxes to certain products?

A: In a market, government intervenes in different ways by providing subsidies or imposing taxes.

Q: Effects of paying taxes in Jamaica

A: Taxes are required payments made by people, businesses, and other entities to the government. The…

Q: Question 7 The C.P.I. INCLUDES which of the following? O a. Soldier uniforms, Congressional…

A: When talking about consumer price index, the term itself depicts the measurement of inflation using…

Q: how do i get most out of my taxes as a college student?

A: Taxes is the deductions made from the income earned by the person in lieu of attaining government…

Q: what the meaning of tax?

A: Tax is a compulsory contribution to the state's revenue that is levied by the government of each…

Q: 40% on income up to $25,000 30% on income between $25,000 and $34,000 25% on income between $34,000…

A: Tax is imposed by the government to earn revenue for spending in an economy. Taxes can be classified…

Q: Stax P $100 S $70 S50 $45 SX $5 40 60

A: Given, Equilibrium price= $50 Equilibrium Quantity= 60 After tax; Quantity= 40  Price paid by…

Q: property tax you pay? From the township, you must have received a letter indicating how much…

A: *Answer:  Property tax refers to the amount of tax paid by an individual or corporation on the…

Q: What is the definition of Property tax

A: Taxes are defined as a tax levied by the government on individuals in the economy in exchange for no…

Q: Price P1 PO P2 DO 51 E1 50 Q1 'EO 00 $1 50 DO Quantity a. Based on the above graph, the price…

A:

Q: do taxes generate the revenue?

A: Revenue: It refers to the extra benefits that a business can earn. These extra benefits will help…

Q: what are some things that should be exempt from tax

A: In a government Budget, Taxes are one of the major sources of Income. Taxes are charged either on…

Q: 0. Marta purchased a sweater for $15.67, a pair of ocks for $2.13, and a bracelet for $6.78. For all…

A: The sale tax is imposed on the sale of commodity.  It raises the price of commodity.

Q: Provide an Illustration to illustrate one of the Final Income Taxes.

A: Taxes are unintended fees placed on individuals or companies and levied by a government agency –…

Q: then tax revenue for the

A: Due to tax imposed , govt moved the market from market equilibrium to social optimum  That is at…

Q: What is the difference between a general sales tax and an excise tax?

A: A tax is a mandatory fee collected by the governments from individuals, firms and businesses to…