ECON MICRO
5th Edition
ISBN: 9781337000536
Author: William A. McEachern
Publisher: Cengage Learning
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Question
Chapter 18, Problem 5.9P
To determine
The total number of the U.S. population on welfare since 1994 and the change overtime.
Concept Introduction:
Welfare - The programs which help the poor in getting a better standard of living.
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Unemployment benefits are subject to income taxes. They are not (by default) subject to withholding, or to payroll taxes. Suppose that a particular worker is subject to a payroll tax of 7.65% of her wages; that she pays an average income tax rate of 10%; and that after losing her job, she is eligible to receive 60% of her previous weekly income. (Show Work)
(a) What fraction of her take-home paycheck will she receive from unemployment insurance?
(b) What effect does the tax treatment of unemployment insurance benefits have on the ability it provides its recipients for smoothing?
Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.
2. The population of Tatoonia is very small. Luis
works full-time for pay. Robin works one shift a
week as counter help at a fast-food restaurant.
Sheila is retired. Shawna does not work for pay,
but is thinking about getting a job and has been
looking through employment postings to see what
is available. Bob has given up looking for work,
after months of not finding anything. Ana, the only
child in the country, is 12 years old.
a. How would
a
household
survey,
following U.S. methods, classify each
person?
b. What is the labor force participation rate
in Tatoonia?
c. What is the unemployment rate in
Tatoonia?
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