9. If your_______rises as you make _________income, your taxes are progressive.total taxes, lessoutlook on life, moretax rate, more

Q: S. The "crowding- out effect" refers to the possibility that larger expen Ehe government simply…

A: Government borrows from the market to fund its increased expenditure, this borrowing leads to an…

Q: in a government budget, revenue deficit is $50,000 and borrowing are $75000.  How much is the fiscal…

A: If the government goes over its budget and spends more than what it actually receives as revenue,…

Q: increased by $5 billion, $6 billion in bondS were sold to the public, an unused military base was…

A: We know that                           Budget Surplus = Total Expenditure < Total Receipts…

Q: Based on the following data: Taxable income ($) Total tax ($) 1500 5 2500 110 3000 200 4500 400 5000…

A: Taxes are compulsory payment which are made by individuals or institutions to the government without…

Q: 9.which flows represent taxes? a. C and D b. E and F c. A and B d. D and E

A: In a market, there is a cyclical flow between firms, households, and government for an exchange of…

Q: Describe the fiscal interdependence of the various levels of government in the U.S. (a) How do the…

A: The United States’ governmental system consists of three levels: local, state and federal. The three…

Q: Define the three types of taxes (Proportional tax, Progressive tax, Regressive tax)

A:

Q: Income Amount of tax 10,000 2,000 50,000 10,000 100,000 20,000…

A: 1)20% 2)20% 3)20%

Q: ) What type of taxation does a Sole proprietorship have? Single or double B) What type of taxation…

A: Answer is given below

Q: Income Quintile Before-Tax Share After-Tax Share Highest 52 8% 49.5% Second-Highest 20.6% 21.2%…

A: Given values: The income share of Highest (top quantile) before tax = 52.8%The income share of…

Q: What is a progressive income tax?

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Melodie’s taxable income is $38,000 and she pays income tax of $4,370. If Melodie’s taxable income…

A: Marginal tax rate is defined as change in tax wrt change in taxable income.

Q: 14. A government increase government spending in an economic recession. Fiscal policy in that case…

A: An economic recession is a situation in which the GDP of the economy is at a very low level. The…

Q: Very short answer question (1) Calculate the fiscal deficit given:- -> Borrowings = 9000…

A: # Fiscal deficit arises in a situation whereby the goverment's expenditure in comparison to its…

Q: What are the main categories of government spending? What are the main categories of government…

A: Government spending is the fund spend by the government on the various sector of society. It has the…

Q: A(n) of government deficit from 1% to 3% of real GDP will shift the curve to the decrease, supply,…

A: Answer: C (increase, demand, right) Explanation: An increase in the budget deficit from 1% to 3%…

Q: 6. Taxes where high income households pay a higher percentage of their income in taxes than low…

A: A tax is a charge being levied by any government upon an individual or an organization for…

Q: Do you agree or disagree with this statement: “It isin the best interest of our economy for Congress…

A: Introduction: A budget is one within which total projected financial gain matches the entire planned…

Q: Income        amount of tax    10,000          2,000 50,000          2,000 100,000        2,000…

A: A Progressive Tax is a tax for which the percentage of income paid in taxes increases as income…

Q: In the chart below for 2020 income tax brackets it shows information for single and married persons.…

A: Income Tax  Income Tax is the type of tax that is imposed by the government of a country on the…

Q: 3)  Are excise taxes, like those on tobacco, gasoline, and alcohol, Progressive, Proportional, or…

A: Regressive tax imposes more burdens on poor households than the rich ones because it is same…

Q: What is the difference between progressive and regressive tax system?

A: Answer: In the progressive tax system the level of taxes rises with the increase in income, the…

Q: Income Amount of tax 10,000 1,000 50,000 10,000 100,000.…

A: 1)10% 2)50% 3)30%

Q: What is taxation and describe the evolution of philippine taxation and how does it affects to the…

A: Taxation differs from other forms of payment, such as market trades, in that it does not require…

Q: s this tax progressive regressive or pronortional?

A: As per the question 5% sales tax is levied on the consumption level of the consumer which implies…

Q: Pls help me answer these 2 multiple questions. Thank you! 1. The individual income tax is a…

A: The individual income tax is a manifestation of this system of progressive taxation.   When the tax…

Q: 3. Does it matter that increased government debt/GDP ratios place a higher tax burden on future…

A: The debt-to-GDP ratio compares a country's government debt to its GDP (GDP). By comparing what a…

Q: Question 3 A regressive tax is one where those with higher incomes pay a higher share of taxes out…

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

Q: $0 to $8,000 10 15 $8,001 to $35,000 $35,001 to $70,000 $70,001 to $144,000 $144,001 and up ding to…

A: 1) According to the chart income tax is progressive tax The tax rate rises as income rises so the…

Q: 7.Which flows represent taxes? a. C and D b. E and F c. A and B d. D and E

A: Introduction In the modern economy, money is used in the process of exchange. In the monetary…

Q: 14. What are the three tools of fiscal policy? Tixes a. b. c.

A: The fiscal policy is the way or process to balance the economic activities in an economy. For…

Q: Discuss the effects of direct taxes on consumer behavior.

A: Direct tax is the tax that is directly paid to the government by the individual or an organization…

Q: Assume a state's general sales tax is 6%; this is an example of a _______________ income tax.

A: Assume a state's general sales tax is 6%; this is an example of a regressive income tax. The correct…

Q: A government replaces progressive taxes with regressive taxes. What is the likely outcome?  a.…

A: In an economy, a progressive tax is when higher income tax is imposed on the people with higher…

Q: equal to $1,000. What is the value of government purchases? And would the government have a budget…

A: For a closed economy, the output is sum of investment(G), consumption(C) and net government…

Q: A4 Consider a linear income tax system in which one’s tax owed to government, T, depends on one’s…

A: Answer: Given, Tax equation: T=a+tIWhere, a=constantI=incomet=tax rate

Q: Use the table below to choose the correct answer. Income Tax (dollars) (dollars) 10,000 2,000 20,000…

A: Taxes are imposed by the government on the income of the individual so that it is useful for…

Q: Question 11 simultaneous 50 billion dollar increase in both government and taxation would have O no…

A: The rise in government expenditure has multiplier effects on GDP. The Rise in the expenditure causes…

Q: A retailer buys a bicycle from the wholesaler at $140 and the wholesaler charges a sales tax at the…

A: (i) Here, the price P = $12, the rate of sales tax, r = 9% Therefore, the cost price for the…

Q: Consider the following tax structure: Income Bracket Marginal Tax Rate - $6,000 $6,000 $25,000 $0 -…

A: Answer; a. Tax = $ 29,800   b. Average Tax Rate = 33.11%   c. Highest marginal Tax Rate =…

Q: Assume a government starts with zero debt. This government then runs an annual deficit for 28 years…

A: The financial liabilities of the government sector are referred to as gross government debt (also…