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Social Science Clinic => Economics => Topic started by: bclement10 on Jun 29, 2018

Title: According to projections for 2016 by the Tax Policy Center, the 20 percent of U.S. taxpayers who ...
Post by: bclement10 on Jun 29, 2018

According to projections for 2016 by the Tax Policy Center, the 20 percent of U.S. taxpayers who make the highest incomes
 
  A) pay about 92 percent of federal income taxes but only about 20 percent of Social Security and Medicare payroll taxes.
  B) pay more in excise and other taxes than they pay in Social Security and Medicare payroll taxes.
  C) pay almost 69 percent of federal income taxes.
  D) use loopholes and tax exemptions to reduce their share of federal income taxes to less than 20 percent.

Question 2

A decrease in the price level results in a(n) ________ in the quantity of real GDP demanded because a lower price level ________ consumption, investment, and net exports.
 
  A) decrease; decreases B) increase; increases
  C) increase; decreases D) decrease; increases

Title: According to projections for 2016 by the Tax Policy Center, the 20 percent of U.S. taxpayers who ...
Post by: adf223 on Jun 29, 2018

Answer to Question 1

C

Answer to Question 2

B

Title: Re: According to projections for 2016 by the Tax Policy Center, the 20 percent of U.S. taxpayers who
Post by: Phuck Ducky on Dec 20, 2022

thanks