A tax whose burden cannot be shifted in someone else is known as _______

Q: Define progressive tax.

A: A tax refers to an amount imposed on the person, commodities or any other item to earn revenue for…

Q: 95. Homeowners   a. benefit from several loopholes.   b. must pay tax on the “income” of living…

A: The tax is the unilateral payment made by the public to the government for various purposes such as…

Q: Income tax is a a. Local tax b. Special tax c. Tax on persons d. Regressive tax e.…

A: Taxes are mandatory payments placed on individuals or businesses by a government agency, whether…

Q: Giving reasons classify the following into direct and indirect tax (1) Wealth tax (2) Value…

A: # Taxes can be broadly classified into two segments which are direct tax and indirect tax. as the…

Q: b. The tax system is regressive for income levels less than $100,000 and progressive for income…

A: A regressive tax is one where the average tax burden decreases with income. Low-income taxpayers pay…

Q: Write the letter of your choice on the space provided before each number. Thus, A – if only the 1st…

A: Progressive tax system is based on the ability to pay the principle.

Q: The incidence of a tax pertains to:         the degree to which it alters the distribution of…

A: Taxation is the duties levy by states of mandatory levies on persons or organizations. In nearly…

Q: Which of the following is not a canon of taxation? Pick a,b,c, or d a. Equity b. General…

A: Canons of taxation are defined as the various administrative features of taxation. Taxation refers…

Q: When the income tax was first proposed in 1894, it was ruled unconstitutional? True or false

A: The tax is a unilateral payment made by the people towards the government for various purposes such…

Q: Tax rate rise when the income of the consumer rise in case of progressive tax system.  True/False

A: We have different types of tax system depending upon how the tax rate behaves with change in income.…

Q: Suppose in Fiscalville there is no tax on the first $10,000 of income, but a 20 percent tax on…

A:

Q: Suppose in Fiscalville there is no tax on the first $10,000 of income, but a 20 percent tax on…

A: From $0 to $10,000 the tax rate is 0%. So, the tax payment can be calculated as follows: Thus, the…

Q: true

A: Cigarette tax is an excise tax  Excuse taxes are specific taxes required on goods and services like…

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: Which of the following is an indirect tax? 1. Capital Gains Tax 2. Excise Duty 3. Wealth Tax 4.…

A: A direct tax is one that is paid directly to the institution that imposed it. Individual taxpayers,…

Q: Taxes on corporate income generate more revenuethan individual income taxes.True______ False______

A: The individual income tax is the largest source of revenue generation since 1950. It contributes…

Q: Which tax is the largest source of tax revenue in the United States? personal income taxes…

A: The largest source of the tax revenue of the United States government has individual tax been since…

Q: Calculate the effective tax rate (in percent) of people who eam an annual income of P250,000.…

A: Taxes are necessary contributions that a government entity, whether local, regional, or national,…

Q: A progressive tax system implies that the proportion of income paid to taxes rises as income…

A: A progressive tax is one that is based on the ability of the taxpayer to pay.

Q: Explain why the “behavioural effect" of the increase in the top tax rate on the welfare of…

A: The tax rate is the percentage of an individual's income or the amount of money that must be paid as…

Q: A tax whose impact varies inversely with the income of the person taxed, and poor people have a…

A: In the case of the regressive tax rate, the greater burden of tax is imposed on the poorer people…

Q: Differentiate Tax from Taxation

A: Taxes are of two types: direct and indirect taxes.

Q: Does the existence of credit market imperfections imply that there is a useful role for government…

A: Credit market imperfections means the financial market with low quality of information about the…

Q: Thelma's current income is $100,000 and she currently pays $30,000 in income tax. Any income she…

A: Average tax rate = (Total tax paid / Total income) Marginal tax rate = (Change in tax paid / Change…

Q: Which is the most ideal tax because it is the most efficient? *       Progressive tax       Income…

A: An ideal tax should be simple and it should promote efficiency and equity.

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: Define individual income tax. A. Individual income tax is the tax an individual pays to the…

A: Meaning of Tax Imposition:The term tax imposition or the tax hike refers to the situation under…

Q: A tax that takes a smaller percentage from high-income earners than it does from low-income earners…

A: There are different types taxes, regressive, progressive and proportional

Q: Q.1.8 An example of an indirect tax is:  (a) income tax. (b) secondary tax on dividends. (c) company…

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

Q: Define net taxes.

A: A payment that is compulsory and is levied by the Government to fund the expenditures of the state…

Q: The marginal tax rate is equal to :the change in the tax payment divided by the change in income.…

A: Taxes are the legal proceedings that are applied and imposed by a country’s government over the…

Q: Suppose in Fiscalville there is no tax on the first $10,000 of income, but a 20 percent tax on…

A: Tax is a compulsory payment that is imposed by the government either directly or indirectly on the…

Q: what is Regressive Tax System in economics?

A: A regressive tax system refers to the system of taxation where tax rate and taxable amount are…

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: Which of the following is the most correct statemeht ab burdens? A tax burden is distributed…

A: The correct answer here would have been :- A tax burden falls most heavily on the side of the market…

Q: If a tax is levied on the buyers of a product, the tax burden will fall entirely on the buyers. A.)…

A: Tax is revenue for the government.

Q: Define income tax.

A: A tax is a compulsory payment to the government. It is a source of revenue receipts for the public…

Q: of a given activity. c) Economists refer to the revenue collected as a result of a tax as the burden…

A: In an economy, economists think that there are different types of tax burden when government imposes…

Q: TRUE or FALSE and EXPLAIN The corporate income tax is a progressive tax because profits from…

A: Tax can be considered as the contributions made by the public toward government expenditure. It is…

Q: then tax revenue for the

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