P2 P4 Q. Quantity The tax revenue collected by the government when this tax is imposed is equal to Select one: O a. (P2- P4)Q1 O b. (P2- P3)Q, O c. (P2 - P4)Q2 O d. (P1- P3)Q2
Q: •The demand function for a product is represented by the equation Qd = 20 - 2P and its supply…
A: We are given : Demand: Qd = 20 - 2Pd Supply: Qs = Ps- 4 Remark : Pd : Price which the consumer…
Q: What is the tax liability share for consu
A: Tax liability of consumer is depend on the demand curve elasticity if it is elastic then less burden…
Q: The demand and supply functions for a type of good are shown by the equation: Qd = 1500-10P and Qs =…
A: Note:- Since we can only answer upto three subparts, we'll answer the first three. Please repost the…
Q: hich of the following statements is correct?
A: Consumer surplus is the area between the demand curve (below) and above the price. Producer surplus…
Q: The Australian government wants to create a new income tax that collects 10% for all incomes between…
A: Average tax rate is the share of income that a tax payer pay in taxes. The marginal tax rate is the…
Q: Price $20 18 16 14 12 10 4 Der 10 20 30 40 50 60 70 80 90 Quantity The amount of the tax per unit is
A: The amount paid per unit= 14-8 = 6
Q: Tax System A Marginal Tax Rate Tax Sy Income Range 0- $20,000 $20,001-$40,000 $40,001 - $80,000…
A: Average tax rate is the share of income a tax payer pay in taxes. A taxpayer's marginal tax rate is…
Q: In conducting an EVA analysis for year 2 for a newly introduced product line, Bethune, Inc., which…
A: Given the gross income = $700000 Capital required for new product = $540000
Q: If value of output is $300 million, net value added at factor cost is $160 million, depreciation is…
A: The information being given to us is:- value of output is $300 million value added at factor cost is…
Q: Given the date for a real property: Value Description Amount Market Value P1,000,000 Assessment…
A: According to the question, The market value of the real property = $1,000,000 Assessment Level =…
Q: 12. Excise tax is a part of A. O Fixed cost В. Variable cost C. O Implicit cost D. O Is not a part…
A: Variable cost (VC): - it is the total value of the cost incurred in the employment of variable…
Q: Answer Questions 7-9 based on the information below. Use the space provided to write-in your answer.…
A: Tax revenue is the income for the government. The firms would be operating their subsidiaries in…
Q: A religious group engaged in the sale of bibles and other religious articles was required to pay…
A: The imposition of tax is mostly valid except in some counties or states where the law states…
Q: Y S G X-IM 935 -250 320 40 70 2,100 320 140 40 3,220 250 320 200 -150 4,800 375 320 240 -185 5,320…
A: Equilibrium in the economy occurs where aggregate expenditure is equal to production.
Q: Suppose that initially a seller's "bottom line" asking price for a particular car is equal to…
A: Bottom line price is the price which is lowest the seller can charge its customer without incurring…
Q: Second Welfare Theorem holds when taxes are in the form of 0 per unit tax (i) ad valorem tax…
A: Free markets lead to income inequality, that is, the distribution of income is not equal for…
Q: The management believes that every 6% increase in the selling price of one of the company’s products…
A: Price elasticity of demand measures the responsiveness of change in quantity demand to change in…
Q: A Government Organization purchase furniture from ABC Organization of worth 10,0000,in this case who…
A: Taxes will be imposed on the sale and purchase of any goods and services in the economy,…
Q: QD = 240 - 5P QS = P where QD is the quantity demanded, QS is the quantity supplied and P is the…
A: Answer: Given: Quantity demanded and quantity supplied functions: QD=240-5PQS=P Calculation:…
Q: harp Inc. a wholly Ghanaian owned company specializes in the production of hand sanitizers branded…
A: The equilibrium price and quantity in a competitive market are determined by the forces of demand…
Q: The Johnson’s had two children, both of them are married and now have their own families, call them…
A: (a) The percentage of taxable income can be calculated using the spreadsheet as follows: The…
Q: Elya's construction company is charged 150 pesos per ton for hauling its raw materials by ABC…
A: Given that; Elya's construction company is charged 150 pesos per ton for hauling its raw materials…
Q: Calculate the value of net indirect tax GNP at MP = $7000 Domestic income = $6200 Depreciation =…
A: The Given information is as follows:- GNP at MP = $7000 Domestic income = $6200 Depreciation = $600…
Q: ociated NNP is equal to– (A) GNP- depreciationqon (B) GNP + depreciation qong (C) GNP– net export on…
A: According to the given question NNP stands for net national product is the actual amount of the…
Q: f Qd = 25 - 1.25P and Qs = -50 + 5P and a per unit tax is imposed on suppliers, the burden of the…
A: In economics, economic equilibrium is a situation in which economic forces such as supply and demand…
Q: Suppose that sales revenue (S) depends upon the quantity of advertising (A), in a relationship…
A: Revenues are the income earned from the sale of goods and services.
Q: Marginal tax rate in KS for single filter is T(I)= 3.1% $0 ≤ I ≤ 15,000 5.25% $15,000 ≤ I ≤ 30,000…
A: We are going to calculate taxes in dollars to answer this question.
Q: Q1 Explain with the help of a figure for a labor market what we mean by the employees paying part…
A: Ques 1) The labor market is in equilibrium when supply equals demand; E* workers are employed at a…
Q: A state's conformity date can be used to determine: 1-Qualifications for state tax credits.…
A: In the United States, government's tax system is operated by federal as well as state government…
Q: An unmarried, recent engineering graduate of Utech earned $52,000 during the previous tax year. The…
A: Income tax is a kind of tax levied by governments on the earnings of businesses and individuals…
Q: 2. Compute for the number of blocks that an ice plant must be able to sell per month to break-even…
A: Here Given , Cost of electricity 20.00/block. Tax to be paid 2.00/block. Real state…
Q: ea29 29 e02 WL to ea293625c90 90 An increase the size of a tax causes the Fall b. Rise C. Fall then…
A: Deadweight loss: When a firm or an industry does not produce the socially optimal output of a good…
Q: a Smith, a smart pretty lady, stole £500,000 from
A: answer A this load of elements, non-sharable monetary need, seeing an opportunity, and defense…
Q: At present, there are arguments in favor of increasing the tax on diesel and others in favor of…
A: Part C answered in below steps
Q: Supply and demand curves for a consumer item are given by: q = S(p) = 500 + p and q = D(p) = 230O -…
A: q=S(p)= 500+p q=D(p)=2300-2p Tax=$7
Q: A group of 10 people have the following annual incomes: $55,000, $30,000, $15,000, $20,000, $35,000,…
A: Since you have posted a question with multiple sub parts, as per the policy, we will answer first…
Q: 1Od = 55-2.5P and Qs =-50 5P and a per unit tax is imposed on suppliers, the burden of the tax on…
A: Given information: Qd=55-2.5P Qs=-50+5P tax of per unit on supplier.
Q: Pennington Oil is in the 50% effective tax bracket. It had gross income of $470 million in each of…
A: Taxable income for year 1 can be calculated as follows: Thus, the taxable income for year 1 is $155…
Q: While studying for engineering economy mid-term exam, you and two friends find yourselves craving a…
A: Since you have posted a question with multiple sub-parts, we will solve the first 3 sub-parts for…
Q: Al-AMEERAT firm revealed a large gold mine expected to produce 100 tom of gold The fam invests…
A: Given : Total investment=120000 OMR Total Production=100 tons Extraction of gold=30 tons
Q: A contractor who files as unmarried (single) to the IRS has an effective tax rate of 28%. His gross…
A: Taxable income is calculated as follows.
Q: Qs = 0.5P Qd = 45 - 0.25p Suppose a per-unit tax is imposed that reduces the quantity of this…
A: Tax can be imposed on sellers or buyers but effect on quantity will remain the same. Suppose tax is…
Q: A group of 10 people have the following annual incomes: $55,000, $30,000, $15,000, $20,000, $35,000,…
A: We can measure the income inequality in the group by using the Kuznets ratio. Kuznets ratio =…
Q: Corporate tax is included while calculating profit True/False
A: The reward which an entrepreneur receives for the contribution which has put in the production of…
Q: TRUE OR FALSE? Any internal revenue tax, which has been assessed within the prescribed limitation…
A: The internal revenue tax refers to the total amount of tax generated by the government through…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- 9. A company is considering a £70,000 investment in a machine that would produce 10,000 items per year for 3 years before being sold for £10,000; these would incur £7 of variable costs and sell for £12 each. Extra fixed costs incurred would be £23,000 pa. Adrian has 10% cost of capital and has calculated the NPV to be £4,632. Tax can be ignored. What is the sensitivity of the decision to changes in the estimate of sales volume? A) 1.6% B) 2.7% C) 3.7% D) 6.9%pls explain no. 1 and 2Estimate the gross income for Lopez Enterprises when it had a CFAT of $2.5 million, $900,000 in expenses, $900,000 in depreciation charges, and an effective tax rate of 26.4%.
- A contractor who files as unmarried (single) to the IRS has an effective tax rate of 28%. His gross income is $155,000, other income is $4000, personal expenses are $45,000, and deductions and exemptions are $12,000. His total income tax due is closest to: (a) $28,550 (b) $41,160 (c) $43,400 (d ) $55,750Ajinkya Electronic Systems, a company in Indiathat manufactures many different electronicproducts, has to purchase goods and servicesfrom a variety of suppliers (wire, diodes, LEDdisplays, plastic components, etc.). The tablebelow shows several suppliers and the VAT taxrates associated with each. It also shows thepurchases (in $1000 units) that Ajinkya made(before tax) from each supplier in the previousaccounting period. Assume Ajinkya’s sales toend users were $9.2 million and Ajinkya’sproducts carry a 15% VAT.SupplierVAT Rate, %Purchases byAjinkya, $1000A 4.0 350B 12.5 870C 12.5 620D 21.3 90E 32.6 50 How much VAT did supplier C collect?Ajinkya Electronic Systems, a company in Indiathat manufactures many different electronicproducts, has to purchase goods and servicesfrom a variety of suppliers (wire, diodes, LEDdisplays, plastic components, etc.). The tablebelow shows several suppliers and the VAT taxrates associated with each. It also shows thepurchases (in $1000 units) that Ajinkya made(before tax) from each supplier in the previousaccounting period. Assume Ajinkya’s sales toend users were $9.2 million and Ajinkya’sproducts carry a 15% VAT.SupplierVAT Rate, %Purchases byAjinkya, $1000A 4.0 350B 12.5 870C 12.5 620D 21.3 90E 32.6 50 What was the total amount of VAT paid by Ajinkya to the suppliers?
- What is the Book value of an equepment purchased four years apo for$100,000, a sakage valuo of$20,000, and a expected Hfo of 10 yeara if it is depreciated using the MACRS method? A. $17280 b$46,080 c.$51,240 d.$ 31,240Western Processors Ltd manufactures and distributes a wide range of consumer products from itslocation in Kingston Jamaica. The firm imports raw materials from North and South America andexports its products to several international markets. The firm also has a high market share locallyand in its overseas markets for its wide range of high and low-value products. Management of thecompany believes that the company could significantly improve both distribution andenvironmental impact from transportation by investigating the possibility of using various modesof transportation for its various consumer products. Required:A. The company designs its transportation network so that a Distribution Centre servesseveral large customers in its local and international markets. Outline how the companycan use such a network to reduce transportation costs while replenishing inventory morefrequently.Pennington Oil is in the 50% effective tax bracket. It had gross income of $470 million in each of the last 2 years. In the first year, deductions were $160 million. In the second year, deductions were lower at $120 million. The difference in income taxes paid by the company in the 2 years was closest to: (a) $10 million (b) $20 million (c) $50 million (d ) $40 million
- Required Compute the deferred tax expense and the balance of the deferred tax account for each year. Prepare all journal entries required to record Oliver’s income tax provision for all 3 years.123 Systems located in Alabama expects a 9% after-tax rate of return on an equipment investment. The state tax rate is 6%. If the company is in the 34% federal tax bracket, estimate the before-tax rate of return required. A. 11.36% B. 13.80% C. 13% D. 14.51%Ed and Wendy are a married couple with no children. Each earns $75,000 per year, and their combined household adjusted gross income is $150,000. John and Kristen also have $150,000 in combined household adjusted gross income and no children. However, John earns all of the income; Kristen does not work. The standard deduction for married couples filing jointly is $24,800, and $12,400 for a single taxpayer. For married filing jointly, Taxable Income Over Rates $0 10 $19,750 12 $80,250 22 For Unmarried Individuals, Taxable Income Over Rates $0 10 $9,875 12 $40,125 22 Use the 2020 tax rates for married couples filing jointly to compute how much income tax each couple owes. Assume that both take the standard deduction. [5] b. Does either couple pay a “marriage tax?” Does either couple receive a “marriage benefit?”