The idea that people in equal conditions should pay equal taxes is referred to as Group of answer choices horizontal equity. vertical equity. the ability-to-pay principle. the marriage tax.

Q: Which concept of tax equity, if any, seems to be served by each of the following? The progressive…

A: Equity means fair and just treatment to all.  Tax equity can be two types - 1) horizontal equity -…

Q: Assume that the federal government replaces the federal income tax with a national sales tax on all…

A: A federal income tax is the tax system where the incomes of individuals, firms, other companies are…

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: The FICA tax is levied on employers, employees, and certain self-employed individuals. Revenue goes…

A: As given in the question, the contribution to the retirement part tax was 6.2 percent of first…

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: An example of an indirect tax is: (a) income tax. example of an indirect tax is:         (b)…

A: Answer in Step 2 As bartleby guidelines i only have to answer only one MCQs

Q: The per-unit tax on a good is the Select one: a. difference between the list price and the actual…

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

Q: ich of the following is an example of a "government failure"? Government implementing a balanced…

A: Government failure, with regards to public financial aspects, is a monetary shortcoming brought…

Q: Optimal fiscal federalism refers to A.the optimal distribution of property taxes across local…

A: Sometimes there isn't optimal provision of public goods by the local government for which the…

Q: 03. Referring to Fig 2d and the attached table, determine whether average federal individual income…

A: A recession is the economic condition which brings contraction in the economic activities through…

Q: The nation of Upstandia uses kroner for money and its tax code is such that a person making 100,000…

A: There three main tax systems in an economy – Proportional Tax, Progressive Tax and Regressive Tax.…

Q: At the state and local levels in the United States, the largest source of tax revenue is   Group of…

A: At the state and local levels in the United States, the government collects tax revenues from the…

Q: Discuss the consequence of a rise in direct taxes to the economy as a whole

A: Taxes: The direct tax included the income tax that is levied on the income of an individual. Income…

Q: A government budget surplus is __________. Question 22 options:     a situation in which the amount…

A: Government budget balance depends on how much government is giving and how much it is getting.

Q: Exit tax’ to hit South Africans looking to emigrate from 2022 When ceasing their South African tax…

A: The 2021 Draft Tax Bills distributed proposed to present a tax on retirement interests of the people…

Q: Suppose that currently, the South African economy is in an expansionary phase. The proposed “Exit…

A: * ANSWER :-  * The OPTION A (Keynesian theory) is correct answer. * Explanation :-  Keynesian…

Q: Tax incidence usually falls A. only on producers. B. on both consumers and producers. C. only on…

A: Tax incidence is the division the burden of tax falls between producers and consumers. The burden of…

Q: When government increases a fixed tax, consumption schedule   a. shifts downward in a parallel…

A: -  A tax rate which is a lump sum tax and is not measured as a percent of the base tax is referred…

Q: Economists disagree on whether labor taxes cause small or large deadweight losses. This disagreement…

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

Q: 23)Which of the following is classified as Fiscal Policy? Select one: a. The federal government…

A: 23.Answer is (a) Tax cut is an example of fiscal policy.To decrease air pollution,federal government…

Q: Discuss four problems that complicate the application of fiscal policy, include a description of…

A: Fiscàl policy  We show that Fiscàl policy is  the government's policy of stabilizing the economy by…

Q: A law is passed requiring owners of real property in Thailand to pay real property tax in the…

A: A law is passed requiring owners of real property in Thailand to pay real property tax in the…

Q: What is meant by a progressive tax? A regressive tax? A proportional tax? Comment on the…

A: Hey, Thank you for the question. According to our policy we can only answer up to 3 sub parts per…

Q: mposition of new taxes levied on goods and services will tend to a. remain constant b. remains the…

A: A tax is a distortion in the market. It disturbs the equilibrium and affects the market quantity…

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: 02. Referring to Fig 2d and the attached table, determine whether average pre-tax income of the top…

A: A theory that describes a tradeoff relationship between tax cuts and tax revenue is the Laffer Curve…

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: Question 33 Do buyers or sellers bear more of the burden of this tax? Group of answer choices…

A: With tax of $6 per unit, quantity sold in market is 20.

Q: ) the market shown in panel (a) B) the market shown in panel (b)

A: ‘Tax burden’ is also known as ‘tax incidence’. It indicates the division of tax between buyers…

Q: Fiscal policy refers to Multiple Choice fact that equal increases in government spending and…

A: In an economy, two primary form of macroeconomic policies are fiscal policy and moentary policy.

Q: a. A progressive tax is one in which the average tax rate is constant as income increases. O the…

A: " Since you have posted a question with multiple sub-parts, we shall answer the first sub-parts . To…

Q: The incidence of a tax: - refers to who writes the check to the government.   - is a measure of the…

A: In Economics, incidence of tax explains which party ultimately bears the burden of tax. It expalins…

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: When government tax policy requires Nathan to pay $30,000 in taxes on annual income of $300,000 and…

A: Given that the tax payer Nathan has to pay $30,000 in taxes on annual income of $300,000. On the…

Q: Which of the following is true of indirect business taxes? a) They are included in corporate…

A: Meaning of Gross Domestic Product (GDP): The term gross domestic product refers to the situation…

Q: Indicate True or False for all: 1. Under proportional taxation, as a person’s taxable income…

A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…

Q: Which of the following economic policies is more Expansionary: An increase in both government…

A: Monetary policy alludes to the moves that governments make in the financial field. These by and…

Q: Which is the following is an example of a proportional tax?     Multiple Choice   an alcohol tax…

A: Taxes are defined as a form of compulsory charge which is taken by the government of a country from…

Q: Identify the type of Fiscal Policy The government reduces the wages of its employees while raising…

A: In an economy, governement enter the market using its policies, which are known as fiscal policies.…

Q: A country is using a proportional tax when Group of answer choices its marginal tax rate equals its…

A: In a market, a government has alternative ways to impose taxes on the participants. The government…

Q: 10.  Legislative lags associated with fiscal policy are due to all of the following, except:…

A: fiscal policy is the use of government revenue collection and expenditure to influence a country's…

Q: A proportional tax is a tax for which people with lower incomes   Group of answer choices A. pay a…

A: Answer: Correct option: (A) Explanation: A proportional tax is called a flat tax because here the…

Q: A tax that has a larger relative impact on the incomes of high-income individuals than on low-income…

A: Answer to the question is as follows :

Q: Two of the primary purposes of taxes are to fund the government and mitigate the negative effects of…

A: Taxes are described as a type of obligatory charge levied by a country's government on its…