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- .How are the income taxes determined?I dont understand how to calculate and graph the second curve for income after taxes and benefits. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.What is VMPL ?
- why is the tax rate 6?1. The government of Antigua wishes to introduce income tax to increase government revenue. In so doing, a consultant was hired to make recommendations on the best way forward. The consultant proposed that the government shouldn’t tax any employee earning below XCD25,000.00 annually or the employee first XCD25,000.00 annually. Thereafter, any employee earning between XCD25,000.00 and XCD40,000.00 annually should pay 5.5% income tax and then any employee earning above XCD40,000.00 should pay 10.5% income tax. For the above information answer the following: a. Derive a mathematical function to represent the consultant’s position clearly identifying all variables and intervals. b. From part a) above, state the name of ALL the mathematical functions derived. c. If Jane (someone working in Antigua) pays XCD750.00 in income tax, calculate Jane’s annual income.Why would means-tested transfer payments (such as food stamps, in which benefits are reduced as income rises) act like an income tax facing recipients?
- How is the poverty rate calculated?20. Marta purchased a sweater for $15.67, a pair of socks for $2.13, and a bracelet for $6.78. For all purchases she must pay the state sales tax of 7.5% and the county tax of 0.5%. What is the tax on her purchases?17- 16 15 14 13- 12 St 10- 9- 8- 7- 6- D Dt Epand What is the consumer's tax incidence and what is the producer's tax incidence Select one: a. Consumer's tax incidence is 50: producer's tax incidence is $12 b.Consumer's tax incidence is $6: producer's tax incidence is $6 Oc Consumer's tax incidence is $12: producer's tax incidence is $0 d. Consumer's tax incidence is $8: producer's tax incidence is $4 e. Consumer's taxincidence is $4; producer's tax incidence is $8 bpard