Briefly explain what are direct tax

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: 25. Answer the following tax related questions. a. Consider a (per unit) tax on two different goods,…

A: In a market where the supply curve is inelastic, the DWL is smaller than the market where the supply…

Q: 3er the following hypothetical income tax brackets for a married couple Assume for simplicity there…

A: Income Tax Rate $0-$20,000 10% $20,000-$50,000 20 $50,000-$100,000 35 Over $100,000 50…

Q: e role of tax

A: The main purpose of taxation is that it finances the government expenditure . The most important use…

Q: The graph shows the market for lattes in which the government has imposed a tax of $6 per latte.…

A:

Q: The following graph shows the market for the long-distance bus rides. In the absence of taxes, the…

A: Tax on bus service providers decreases supply and shifts the supply curve leftward by $2 at each…

Q: Click to view larger image. Look at the provided figure. What areas represent consumer surplus…

A: Consumer surplus is an economic measurement to calculate the benefit (i.e., surplus) of what…

Q: The graph shows the market for flashlights when the government imposes a tax of $6 per flashlight on…

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

Q: What is indirect tax? Write its four definitions.

A: Tax is compulsory contribution on the wealth of a person or a body of person for the services of the…

Q: f the government quadruples the amount of tax on gasoline, can you be sure that revenue fromg…

A: Tax: refers to the unilateral payment towards the government made by the public. Deadweight loss:…

Q: 6. (19 pts) The figure below represents demand and supply in the market for cigarettes. Use the…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: A. What is consumer surplus after the tax?

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

Q: ty

A: Gini coefficient is used to measure economic inequality the coefficient value ranges in (0 to 1). 0…

Q: what is the difference between tax evasion and tax avoidance and give examples

A: Taxes are a result of your earnings or the wealth you generate by operating a business. Individuals…

Q: Briefly distinguish the specific tax and Ad Valorem tax? Don't need any example or long explanation.…

A: "A tax is a necessary fee or monetary charge imposed by a government on an individual or an…

Q: On a graph, show the effect of a per unit tax on BUYERS of cigarettes.  (This requires you to think…

A: Price elasticity of demand is the responsiveness of quantity demand with a change in the price of a…

Q: The City of Philadelphia is currently considering a 3 cent per ounce tax on sugary beverages. A…

A: a)Consumers are prefers lump-sum tax. The reason is, the burden of tax is partially borne by both…

Q: Give an example for the Average Tax Rates?

A: Average tax rate is the tax paid as a percentage of total income. The average tax rate can be…

Q: If a tax of $0.90 is imposed, what is the tax revenue?

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Q: Attached is a graph diagram depicting the market for soft drinks. If an excise tax equal to $1 per…

A: In the market for the soft drinks figure, it is identified that the equilibrium is obtained at the…

Q: What is the difference between Direct and Indirect ta

A: Tax refers to a liability imposed by the government to generate revenue from households,…

Q: Daniel Patrick Moynihan, the late senator fromNew York, once introduced a bill that would levy…

A: Answer - Given in the question - "Daniel Patrick Moynihan, the late senator from New York, once…

Q: Use information from paragraph 4 to answer the following question. Before the Progressive Era, many…

A: When talking about progressive tax, it can be said that it is the tax that is directly related to…

Q: Use the following table to answer the question about taxes, where P Price buyers pay, P, Price…

A: Here, after tax information is given as, Buyer's price: $15 Seller's price: $13 Equilibrium…

Q: The graph shows the market for mugs in which the government has imposed a tax of $4 per mug. Draw a…

A: Producer surplus is the aggregate sum that a producer benefits from producing and selling a quantity…

Q: Briefly distinguish the specific tax and Ad Valorem tax? Don't need any example or

A: A tax is a mandatory fee or financial charge imposed by a government on an individual or an…

Q: Illustrate each of the following situations with a graph showing IS curve: a. An increase in taxes

A: Tax is a unilateral payment made from the public to the government for many purposes such as for the…

Q: Which of the following is an example of an excise tax? O a) cigarette tax O b) social insurance tax…

A: Excise tax is the tax which consumers don't pay directly to the government. It is an indirect tax.

Q: Effect of a tax on buyers and sellers The following graph shows the daily market for shoes. Suppose…

A: Taxes are an important government policy instrument that is used to collect revenue from the public…

Q: Steve Forbes ran for U.S. president in 1996 and 2000 on a platform proposing a 17% flat tax, that…

A: Answer: Given: Tax rate = 17% Alice's taxable income = $29,000 Calculation of tax amount: If Mr.…

Q: Briefly discuss the effect of price elasticity of supply and demand on tax incidence. When the…

A: From the point of view of the taxpayer and government, the incidence of taxation is an important…

Q: The graph shows the market for lattes in which the government has imposed a tax of $6 per latte.…

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

Q: On the following graph, use the black curve (plus symbols) to illustrate the deadweight loss in…

A: Deadweight Loss: A deadweight loss is a cost to society created by market inefficiency, which occurs…

Q: Suppose the Canadian government has decided to place an excise tax of $20 per tire on producers of…

A: The initial equilibrium is at e where S=D and the Price= $90 and quantity= 40 units. Due to the…

Q: What is proportional tax? Write its merits and demerits.

A: Introduction - An income tax system known as a proportionate tax applies the same percentage of tax…

Q: Price (per ride) $7.50 7.00 6.50 6.00 5.50 E 5.00 4.50 4.00 3.50 3.00 D 2.50 2.00 5 6 7 8 9 10 11 12…

A: Here, given information is: Equilibrium price: $5 per ride Equilibrium quantity: 10 million rides…

Q: Give a brief example of proportional tax system

A: Depending upon the relationship existing between the rate of structure of taxes and income or wealth…

Q: OC. the buyer and the seller split the tax evenly. O D. it is impossible to say how the tax is split…

A: Demand And Supply  Demand refers to the quantities of a commodity that the consumers are ready to…

Q: 24. The graph above depicts the effect of a $5 per unit (excise) tax on the market for sweaters.…

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

Q: What is Proportional Tax?

A: Taxes- proportional, progressive and regressive. Proportional taxes are flat taxes (as %) which are…

Q: Briefly explain the purpose served by payroll taxes and how they are collected. Describe any comment…

A: Taxes are mandatory fee that is paid by the firms and households to the government. It is collected…