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Author Question: If labor supply is very elastic, the payroll tax is (Read 135 times)

K@

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Question 1

Refer to the information provided in Figure 19.1 below to answer the question(s) that follow. 












Refer to Figure 19.1. The ________ from this payroll tax are $3,500.


◦ total cost to employers
◦ total wage saving
◦ total cost to workers
◦ total tax collections

Question 2

If labor supply is very elastic, the payroll tax is


◦ borne mostly by the employer.
◦ borne entirely by the employer.
◦ borne mostly by the workers.
◦ split evenly between the employer and the workers.


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Marked as best answer by K@ on Apr 19, 2019

eliasc0401

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K@

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eliasc0401

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