Which of the following is an example of a direct tax? Check all that apply. A tax placed directly on alcohol to discourage people from drinking A tax placed directly on cigarettes to encourage people to stop smoking Income tax A poll or head tax that charges everyone the same euro amount

Q: Which of the following is not an example of excise tax? * A. Transfer tax B.…

A: Taxes are the compulsory payment made by individuals/firms to the government without having any…

Q: What is the relative importance of taxation to the economy of the country

A: Taxes are a source of government revenue which is charged on the goods and services purchased by the…

Q: The government started imposing a Digital Services Tax (DST) of six per cent on 1 January 2020 on…

A: Demand is the absolute quantity of goods and services that a consumer is willing to buy at different…

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: Which of the following is a significant revenue source for state and local governments, but not the…

A: Taxes are the amount charged by the government for the services provided and are the means of…

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: Indirect taxes: Draw diagrams to show specific and ad valorem taxes, and analyze their impacts on…

A: Answer: (1).  Specific indirect taxes: it refers to the per-unit tax imposed on each unit sold.…

Q: Figure A-1 represents the market for ice cream before and after a per-scoop tax. What area…

A: Given  We have to calculate the tax revenue received when a per unit tax is imposed on ice cream…

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: According to studeis undertaken by the U.S. Department of Agriculture, the price elasticity of…

A: Because of increase in price of cigarettes,consumption of cigarettes would decrease. Because price…

Q: The economic burden of an excise tax   a. can usually be partially shifted from buyers onto…

A: Excise tax is the type of tax is imposed on the products during their manufacturing process and paid…

Q: Kelly’s taxable income is $110,000. Approximately what percent of her taxable income is her tax?…

A: Kelly's Taxable Income is $110,000 Kelly's Taxable Income is between 43,650 or 112,650 where tax is…

Q: Complete the following table by deriving the marginal tax rates in the income ranges of $20,000 to…

A: Marginal tax rate and average tax rate formula can be written as follows:

Q: 1. This kind of tax is derived from the individuals, corporate estates, and trusts income. A.…

A: NOTE: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: What is the difference between an expenditure (cash-flow) tax and a sales tax? What is the…

A: Tax: It refers to the income of the government. The taxes are the income that people will pay…

Q: Read the following and answer question? ‘Exit tax’ to hit South Africans looking to emigrate from…

A: *Answer:  Keynesian economics propose government intervention when there is a positive or negative…

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: 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: Which of the following best describes a progressive tax system? It redistributes income from lower…

A: Progressive tax system is a system where people with higher incomes be higher taxes and people of…

Q: The graph shows the market for smartphone chargers. Draw a point to show the price of a smartphone…

A: Tax is a measure of cash/money that you need to pay to the public authority so it can pay for public…

Q: Whichofthefollowingstatementsis(are)correct? (x)  A person’s tax liability refers to the amount of…

A: In an economy, government imposes tax on the people based on their income level and this tax is…

Q: Calculate net indirect taxes if GDP at FC is $33,000 and the GDP at MP is 37,000

A: The data presented in the question above is:- GDPFC = $33,000 GDPMP = $37,000 Net indirect taxes is…

Q: Which of the following is a significant revenue source for state and local governments, but not the…

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

Q: It is generally agreed that excise taxes should be imposed on sellers of tobacco but not on sellers…

A: An indirect tax that is being levied on the sale, license, or production of certain goods by the…

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: 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: If you would have to pay $5,000 in taxes on $50,000 taxable income and $8,000 in taxes on $60,000…

A: The taxes are the legal proceedings that an individual has to bear out of the income he earns. The…

Q: Within the context of taxation policy, many economists have preferred the use of consumption tax to…

A: The income tax is the tax that is levied on the income of the people directly. It is collected,…

Q: Based on the IRS table, Jake calculates that his marginal tax rate is _ when his annual taxable…

A: Answer; The marginal tax rate is the tax rate corresponding to the tax bracket in which the income…

Q: Suppose there is a bill to increase the tax on cigarettes by $1 per pack coupled with an income tax…

A: When the price of a good increase, its quantity demanded decreases. The imposition of tax leads to…

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: P B 24. Which of the following is a regressive tax? A Property tax. B. Federal Income tax. C. State…

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

Q: Income Tax rates will be changed to the following Marginal Tax Rates given by: T(I) = 40*I2/ I2+1000…

A: Marginal tax rate refers to the tax rate that imposed on the last dollar of income.

Q: Refer to the photo below. What is the equilibrium level of income for this economy if Y = C + I + G…

A: The aggregate expenditure would be equal to the output in the Keynesian model. The Keynesian model…

Q: 4. Computing and interpreting average tax rates In a hypothetical economy, Clancy earns $11,000,…

A: When all taxable sources of income are combined together and divided by the amount of taxes payable,…

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: 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…