Q: What is progressive tax? Write its merits and demerits.
A: A tax is described as one that the government imposes on citizens who participate in the economy in…
Q: discuss double taxation that is good for 2 minutes.
A:
Q: What is Double Taxation?
A: Taxation refes to a system of levying taxes on individuals or firms in the economy. Taxes are a…
Q: What happens to a country's economy if there is a high tax for the company that earns more in that…
A: Taxes are the mandatory payments that has to he made to the government.
Q: Why is gasoline heavily taxed? Explain
A: A government plays a crucial role to overcome the problem of scarcity in the economy. It regulates…
Q: Situs of Taxation is world/global taxation: A. Resident Citizen B. Resident Alien C.…
A: The tax on worldwide income obtained by a resident citizen must be paid. The jurisdiction in which…
Q: Churches have been considered a lucrative business in the country. Do agree with the idea that…
A: Churches benefit from a range of legal advantages as nonprofit "religious companies" under Section…
Q: Critically examine the principles of taxation and point out the difficulties in their practical…
A: Taxation is an important part of government revenue. Without taxes it is not possible for a…
Q: In the diagram to the right, illustrating a per-unit tax equal to P, minus P3, tax and the excess…
A: From the graph, we can say Q1 and P1 is the equilibrium quantity and price when there is no tax.…
Q: Where does our taxes goes? What are the things that the government do to our taxes? Who are those…
A: As economies emerged, economic agents increased their demand for goods and services. Production of…
Q: Imposing a sales tax on sellers of a product has an effect that is similar to which of the…
A: Implementation of sales tax on the sellers will affect the supply of the goods.
Q: It is a scheme to collect taxes on businesses and industries based on the amount of fossil fuels…
A: A kind of pollution tax that is imposed on businesses and individuals to burn carbon-based fuels…
Q: Is it possible to be used partly for public purpose and partly private purpose without violating the…
A: When a taxing body, typically a government, levies or imposes a financial responsibility on its…
Q: he Philip
A: The new tax reform is considered to be a good news for low-income and middle-income earners of the…
Q: From an international perspective, examine the taxation principles of an individual’s personal tax.
A: Capacity to pay:- The capacity-to-pay concept holds that taxes should be based on a person's ability…
Q: The annual demand for imported oranges is given by the following equation: QD = 600,000 − 30,000P…
A: The market demand for imported oranges is given by the equation: QD=600000-30000P and the imported…
Q: Do you think we should use taxation as a redistribution tool in a country?
A: Inequality has increased in both developing and developed nations. In my opinion, taxation as a…
Q: Write an essay about:
A: ANSWER STEP-1 Companies and employees in urban center fancy a number of very cheap taxes within the…
Q: Identify the link of necessity and luxury goods to tax revenue
A: Tax Revenue refers to the income earned by the government through taxation. Tax revenue produces a…
Q: What are the four major types of taxes in India?
A: There are four major types of taxes in India.
Q: What is the old taxation of the Philippines?
A: A tax is a governmental organization's mandatory financial charge or other sort of levy placed on a…
Q: Analyze taxes on tobacco through the perspective of: a. a smoker b. a cigarette firm
A: In an economy, when taxes are imposed on buyers or sellers, there will be different impact due to…
Q: 120 100 70 00 Qutity of tie As a result of the tax, the effective price that consumers will pay is S…
A: Given, Tax- $40. tire
Q: enumerate five common public goods and services the government provides from the taxes we pay. Are…
A: In economics, the commodities are categorized on the basis of two criteria – excludability…
Q: Do you think that dead weight loss of soda junk food tax would be relatively large or relatively…
A: Deadweight loss is a measure of loss of efficiency and it occurs when the demand and supply is not…
Q: who pays the corporate taxes the globel ecomany
A: When there is high tax rate in the economy then the firms respond by lowering the investments and…
Q: Torue or Ja O Service tasc is a direct tax Central esuise duty is a direct tan
A: Taxes are an important government policy instrument that is used to collect revenue from the public…
Q: Calculate NIT if indirect tax is $67,000 and subsidies is $42,000?
A: Indirect tax:- The tax that government of the country imposes on a citizen for goods and services…
Q: Find out NIT if indirect tax is $72 and subsidies $40?
A: According to ques we are given that Indirect tax= $72 Subsidies =$40 we have to find NIT
Q: Why was Rice Tarrification Law became a law in the Philippines?
A: Rice Tarrification Law: It is the Law which is basically related to rice trading. Tariff means means…
Q: Why do you think we should use taxation as a redistribution tool in a country?
A: There is obviously a strong case for shifting resources from those at the top of the income scale to…
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: Discuss the Constitutional Limitation concerning prohibition against imprisonment for non-payment of…
A: Answer- No person should be imprisonment for non payment of poll tax. Poll tax means citizens are…
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 Situs of Taxation.
A: Situs of taxation virtually means place of taxation the overall rule is that the taxing power cannot…
Q: The efficiency loss of imposing an excise tax is due to: a. Paying a higher price per unit. b.…
A: The efficiency loss occurs due to the over production or underproduction. On the other hand, an…
Q: Government spending on programs such as Social Security and Medicare are included under:
A: Social security and Medicare are part of Federal budget.
Q: Assume the marginal tax rate for income above $25000 has risen to 30 percent. If the tax rate for…
A: Marginal tax rate is applied in brackets of income. It is the additional tax paid out of additional…
Q: The textile industry of the United States advocates for a ban on the import of cotton. Describe…
A: Trade is the exchange of goods and services between the buyer and seller at a mutually agreed price…
Q: Is TAX a burden or a blessing (beneficial) in the Philippines? Justify
A: Taxes are defined as mandatory charges which are levied on individuals or on a corporation by the…
Q: What is the difference between a general sales tax and an excise tax?
A: A tax is a mandatory fee collected by the governments from individuals, firms and businesses to…
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