This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Flat and Proportional TaxesThe table shows the average tax rate for families with different ... (Read 2193 times)

903f23fj0

  • Full Member
  • ***
  • Posts: 151
on: Nov 23, 2022

Question 1

Regressive vs. Progressive Taxation

The table shows the tax liability for various income levels in the country of Dominica.
Annual IncomeTax Liability
$15,000$6,750​
$30,000$11,400​
$45,000$14,400​
$60,000$17,400​
$75,000$16,500​
What kind of tax does this represent?
◦ progressive
◦ proportional
◦ flat
◦ regressive

Question 2

Flat and Proportional Taxes

The table shows the average tax rate for families with different incomes.
FamilyIncomeAverage Tax Rate
Smith$10,0006%
Martinez $50,00012%
Johnson$100,00018%
Suppose the government switches to a proportional tax of 12%. How will this affect government revenues from the tax?
Please round your final answer to two decimal places.
◦ increases revenues by $5,400
◦ decreases revenues by $5,400
◦ decreases revenues by $8,200.00
◦ increases revenues by $8,200.00
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by 903f23fj0 on Nov 23, 2022

koung719

  • Full Member
  • ***
  • Posts: 164
Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 49% of students answer this correctly


903f23fj0

  • Member
  • Posts: 151
Reply 2 on: Nov 23, 2022
Excellent

Laurenleakan

  • Member
  • Posts: 309
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Hormonal regulation of digestion rate in the stomach and small intestine. Hormonal regulation of digestion rate in the stomach and small intestine.
Table Salt Table Salt
A Glitch Interrupts the Vela Pulsar’s Spindown Rate A Glitch Interrupts the Vela Pulsar’s Spindown Rate
Assist recipient into side-lying position. Woman sits on edge of table holding drape to cover her ... Assist recipient into side-lying position. Woman sits on edge of table holding drape to cover her ...
How to create a table of values displaying commission and earnings (Question 2) How to create a table of values displaying commission and earnings (Question 2)
Events in human fertilization. The light micrograph shows a fertilized human oocyte. Events in human fertilization. The light micrograph shows a fertilized human oocyte.
Video: Introduction to Breast Cancer

For a complete list of videos, visit our video library