nich among the following is a direct tax? [A] Excise Duty [B] Sales Tax [C] VAT [D] Income Tax

Q: Question 2

A: The economic burden of a tax is also known as the incidence of tax. It is an important topic in the…

Q: Figure 6-18 price Satrtar 65- 6. 43 4- 35 25 2- 15 1. 05- s 10 15 20 25 30 35 40 45 s0 ss 60 6s 70…

A: The solution can be better explained with the help of the diagram below:

Q: The govemment is considering imposing taxes on the sellers of certain classes of products. The first…

A: Meaning of Tax Imposition:The term tax imposition or the tax hike refers to the situation under…

Q: P2 P4 Q. Quantity The tax revenue collected by the government when this tax is imposed is equal to…

A: tax revenue is the amount that is gained by the government of the country in the form of revenues…

Q: Top One Enterprise Ltd earns huge profit this year and needs to pay profit tax to the government.…

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

Q: Figure 2-1 20 rice 18 16 14 12 10 D 10 20 30 40 50 60 70 80 quantity

A: With the tax rate of $6.

Q: Most businesses pay corporate income tax to the federal government based on the company's corporate…

A: The corporate income tax is paid based on the company's operating earnings.

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: Year 1 Tax Worksheet Income taxed at 30% Total Tax Paid Person Year 1 Income Income taxcd at 15% Amy…

A: Given, Tax rate:15% below income of 50,000,30% above income of 50,000Government budget =…

Q: Percent of Income Paid in Total amount Income Tax of Tax Paid Family $10,000 20% $2,000 A Family…

A: Here, there are three families having different income levels and paying the same tax rate. A income…

Q: Why should businesses take into account tax impacts? O a. Taxes directly affect a business's cash…

A: In a market, firms make business activities to earn some revenue and profit due to which it has to…

Q: The table below shows an income tax schedule for the imaginary country of Republica. Kermit is a…

A: Note: We are not allowed to answer more than three subparts at one moment as per the Bartleby…

Q: S8.Compute:(a) Market Gains (MG) before and after the tax;(b) Governmental Revenue (GR);(c) Economic…

A: deadweight loss is a cost to society created by market inefficiency, which occurs when supply and…

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: Match the tax Oxamplo wth the tax structure Rat Tx on stato Residonts Stateh r nd coe Ta TPC 3. 3.…

A: Taxes are a significant and biggest kind of revenue for the public authority. The public authority…

Q: Suppose the government implemented a negative income tax and used the following formula to compute a…

A: For each taxable case, companies and individuals incur tax  obligations, like getting payments,…

Q: A levy upon liquor, jewelry, tobacco, etc. is called_ a. Occupation tax b. Nuisance tax c. Personal…

A: The government earns revenue through taxation policy. This tax revenue is important for the…

Q: You decide to work part-time at a local clothing store.  The job pays $8.50 per hour and you work 16…

A: The income would be the total income which is used for producing the various goods and services. The…

Q: Income Quintile Before-Tax Share After-Tax Share Highest 52 8% 49.5% Second-Highest 20.6% 21.2%…

A: Given values: The income share of Highest (top quantile) before tax = 52.8%The income share of…

Q: Case #1: Attached is a graph diagram depicting the market for soft drinks. If an excise tax equal to…

A: If $1 per liter excise tax on soft drinks imposed then consumers and sellers, buy or sell less of…

Q: 23. Which of the following is an indirect tax? A tax on company profits consumer goods and services…

A: Hi Student, Thanks or posting the question. As per the guideline, we are providing answer for the…

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: List all the taxes that get reported on a BAS and IAS along with a short reference to their…

A: Taxes are mandatory commitments required on people or corporations by an administration…

Q: Explain and provide an example of the following: a) b) c) a transfer payment indirect tax direct tax

A: Public expenditure refers to the expenditure that is incurred by the government in providing goods…

Q: In the chart below for 2020 income tax brackets it shows information for single and married persons.…

A: Income Tax  Income Tax is the type of tax that is imposed by the government of a country on the…

Q: Case II: Attached is a graph diagram depicting the market for soft drinks. If an excise tax equal to…

A: The following figure is given:

Q: Determine government revenue and dead weight loss after tax.

A: Taxes are imposed on individuals or companies involuntarily to fund government operations by a…

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: The State of Mississippi imposes a 7% sales tax on most goods and services transacted within the…

A: When an individual or a corporation pays the least amount of taxes necessary by law, they are said…

Q: The additional tax on top of the standard tax? a. surtax b. EVAT c. corporate tax d. statutory…

A: Taxes are defined as mandatory contributions which are levied on an individual or a corporation by…

Q: Suppose that the demand for CDs is very price elastic and the supply is very price inelastic. A per…

A: Elasticity(e) measures the percentage change in quantity due to percentage change in price. When…

Q: Last month The Sweet Tooth Candy Shops had total sales, including sales tax, of $64,889. The stores…

A: Given information: Total Sales (including sales tax) = $64,889 Rates of sales tax: 7%, 1%, 2%

Q: The largest source of federal government revenue is which of the following? Other royalties and…

A:

Q: Discuss the effects of direct taxes on consumer behavior.

A: Direct tax is the tax that is directly paid to the government by the individual or an organization…

Q: nce 16 Suppose the government imposed a per unit tax of S6 on buyers. 14 12 Work out the following.…

A: Here, Equilibrium price = 8 Equilibrium quantity= 40 Demand function according to graph is, QD=12 -…

Q: Write 3 difference between direct and indirect tax.

A: # Taxes are classified as direct and indirect tax on basis of who shares the burden of the tax and…

Q: Discuss the principles of a sound tax system

A: A sound tax system can be described as a good system of taxation that meets the needs of all canons…

Q: What is the definition of Property tax

A: Taxes are defined as a tax levied by the government on individuals in the economy in exchange for no…

Q: 29. Jill is 16 years old and worked at her local grocery store over the summer earning $5,600. Is…

A: Deductions from a person's income by the government happen under "taxation", which is dependent on…

Q: Income Percent of Income Paid in Tax Total amount of Tax Paid Family A $10,000 20% $2,000 Family B…

A: Tax rate is the percentage of income that is deducted to pay to government as taxes

Q: Find the indirect taxes when the net indirect taxes are 4300 and the subsidies are 2100

A:

Q: Provide an Illustration to illustrate one of the Final Income Taxes.

A: Taxes are unintended fees placed on individuals or companies and levied by a government agency –…

Q: Question 3

A: When per unit tax $12 is imposed, the quantity produced and consumed will reduce as 800.

Q: Paying a tax on gasoline when filling up your car is an example of a (A Income tax B Property tax…

A: The markets are considered to be the place where the interaction between the buyers, and sellers…

Q: Percent of Income Paid in Total amount Income Tax of Tax Paid Family $10,000 20% $2,000 A Family…

A: A regressive tax is a tax with a high percentage of income for low-income people and a low…