Which two programs, taken together, constitute the largest share of federal expenditure in the U.S. national budget? Unemployment Insurance Interest on Federal Debt Social Security Medicaid Medicare Who benefits most from these two programs? Single Parents The Elderly Children Married Couples

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 table below describes three tax systems (A, B, and C) for three income levels. Tax system A Tax…

A: (a) Tax System A:i) Percentage of income= 2,00020,000×100=10%ii) Percentage of…

Q: What are the main reasons/statistics that have encouraged the government to look at student debt…

A: The default rate is rising, and many graduates are struggling to repay their loans. Graduate…

Q: Most of the government's mandatory spending is used on which of the following?

A: Most of the government's mandatory spending is used on social security schemes. Social Security…

Q: The personal income and payroll taxes are already too high. I think business should share A larger…

A: Big firms or corporates are powerful players in the market that tends to affect the market prices in…

Q: Describe the advantages that a negative income tax has over other programs that have the same…

A: Negative income tax is reverse of income tax. Under the income tax a fraction of amount earned by…

Q: 17. To which of the following government programs would a single, cross-country truck driver with no…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: Government spending is divided into all of the following categories, except: A) welfare spending B)…

A: Government spending or expenditure includes all government consumption, investment, and transfer…

Q: Which of the following is not a form of government revenue? a) b) Excise duties Relief grunts given…

A: The correct answer is: Option (b) Relief grants given to the poorRelief grants given to the poor are…

Q: How does the implementation of expansionary fiscal policy impact income inequality within a country?

A: Expansionary fiscal policy is a term used when the government spends more money or lowers taxes.It…

Q: Discretionary government spending includes payments made for unemployment compensation. the…

A: Discretionary spending is the amount that the government decides to spend for the upcoming fiscal…

Q: In Virginia, in 2019, if you made $10,000 a year in income, you paid $120 +5% of excess over $5,000.…

A: There are different types of taxes imposed by the government on the basis of the type of transaction…

Q: The sources of revenue for state and local governments are                              ["the same…

A: Revenue is the income generated by the activities carried out by the business organization or by the…

Q: The Federal Government brings in revenue through taxation in all of the following forms EXCEPT:   A.…

A: The federal government does not primarily depend on sales and property taxes to generate sales.…

Q: If a government wanted to improve the productivity of its human resources, what should it do? lower…

A: Productivity refers to the efficiency.  Factors of production are broadly divided into 4 categories…

Q: Graph two different approaches to government as a function of tax rates.

A: There are different approaches why tax is levy . .1. Distributive function :: for allocation of…

Q: How have the size and functions of government changed during the last two centuries? Did the framers…

A: Constitution of Country U was written around 200 years back. This is the base of one of the…

Q: What finances the majority of federal spending? Explain your answer with the clear and supportive…

A: Government spending refers to the expenditure made by the government on national defense, education,…

Q: Why do some economists advocate taxing consumption rather than income?

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,…

Q: The federal government spends ____.     slightly more on defense than Social Security     slightly…

A: The federal government spends money on Social Security, defense, Medicare and other mandatory…

Q: Which of the following choices is not an example of government assistance? Unemployment benefits…

A: Government assistance programs are designed to provide support to individuals in need, often in the…

Q: some economists have argued that corporate taxes should be eliminated and only individuals should be…

A: Corporate taxes are taxes which are imposed on income of corporation or company.It is likely to br…

Q: Which of the following government spending categories falls into the discretionary category social…

A: Some spendings which are non important such as vacation costs and luxury items, are not necessary to…

Q: With a progressive tax, those with income tend to pay a

A: A Tax System in which there is an increase in the tax rate as the taxable income increases is known…

Q: The federal government currently uses many forms of taxation, both direct and indirect, to raise…

A: Direct taxes are taxes that are imposed on natural persons and they are based on the taxpayer’s…

Q: A government collects $175 billion quarterly in tax revenue. Each year it allocates $70 billion to…

A: Given that, A government collects $175 billion quarterly in tax revenue. Each year allocates $70…

Q: What type of tax raises the most revenue for the federal government?  What is the largest source of…

A: What type of tax raises the most revenue for the federal government?  What is the largest source of…

Q: Describe the progressive and proportional forms of taxation. What goal might the government be…

A: Taxation is the process through which the government levies and collects taxes from people,…

Q: Which one of the O All of our ta O Our Federal O Our Federal O Our Federal taxes.

A: Taxation influences economic activity, wealth distribution, and stability. Tax policies influence…

Q: Government collects the largest percentage of its revenue in which of the following ways?

A: Taxes refer to the monetary payment made to the government of a nation on the purchase or sale of…

Q: Elaborate on the different roles of government in the economy and how the economy affects the…

A: The major economic functions of the government are allocation function, distribution function, and…

Q: Which of the following government programs are financed by payroll tax? a) Medicare, food stamps,…

A: A payroll tax is a percentage deducted from an employee's pay that is paid to the government on the…