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October 24, 2014

Search: Economics-Tax Question

Number of results: 27,171

Economics-Repost of Question
I am not getting any of the answers that are provided for this question: Price $16--------|---....| $14........|----...| $12-----TAX|-----..| $10........|----...| $8...
April 6, 2008 by G

Economics-Tax Question
I know the answer to the following question is either (c) regressive tax augement or (d) the ability-to-pay principal. I am not sure which one? "A $1,000.00 tax paid by a poor person may be a larger sacrifise than a $10,000 tax paid by a wealthy person" is an argrment based on...
April 8, 2008 by G

Economics
Property Tax The Jones family earns $225,000 a year. What % is the property tax of their income? 0.44% 1% 4.4% 0.1% Can anyone please explain me how to do this question? I wasn't given a % amount or anything...
September 22, 2009 by Stan

Economics
A monopolist is in long-run equilibrium and earning economic profits equal $100 million. The government imposes a lump sum tax of $100 million on the monopolist. (A limp sum tax is a tax the monopolist must pay regardless of its level of output) Will this tax: a) cause the ...
December 3, 2011 by Jim

Economics
What describes a tax that is assessed according to benifits received principle? a.) Thosew who recieve direct payment of the money tha tax generates are the people who pay the tax b.) Those who pay the tax recieve the benifits the tax provides. c.)One group recieves benefits ...
April 11, 2013 by Brianna

Economics
I am not getting any of the answers for the consumer surplus that are provided for this question: Price $18--------|---``| $14````````|----`| $12-----TAX|-----| $10````````|----`| $8---------|---``| ```````````|`````| ```````````|`````| ```````````|`````| ```````````15`20`25...
April 6, 2008 by G

Economics
A tax imposed on a maket with an inelastic demand and an elastic supply will cause: a)sellers to pay the majority of the tax b)buyers to pay the majority of the tax c)the tax burden to be w
April 7, 2008 by G

economics/math question
(This homework question was removed due to a copyright claim submitted by K12 Inc.) It looks like the tax should be .05 x $500,000.
May 3, 2007 by kayla

Economics
A tax imposed on a market with an inelastic demand and an elastic supply with cause: A)sellers to pay the majority of the tax B)buyers to pay the majority of the tax C)the tax burden to be equally devided between buyers and sellers D)the tax burden to be divided, but it cannot...
April 7, 2008 by G

home economics
illustrate each policy in a supply and demand digram of the gun market. a. a tax on gun buyers, b. a tax on gun sellers, c. a price floor in guns , d. a tax on ammunition
September 24, 2009 by melissa

Economics
The marginal tax rate is defined as the extra taxes paid on additional income divided by the increase in income. Calculate the marginal tax rate for the proportional tax system as income rises from $50,000 to $100,000. Calculate the marginal tax rate as income rises from $100,...
November 13, 2006 by Sally

government(taxes)
I am looking for a list of California state taxes. So far this all I have: 1) Sales Tax 2) Trash tax 3) Electricity tax 4) State income tax 5) Gasoline tax 6) Property tax 7) Federal telephone excise tax 8) Excise tax 9) social security tax 10) environmental tax 11) gift tax ...
August 3, 2008 by lou

Economics
What happens to the percentage of an income that is taxed when income rises and the tax is a proportional one? A. The percentage of tax falls. B. The percentage of tax rises. C. The percentage rises and then falls. D. The percentage of tax stays the same. I'm guessing the tax ...
June 4, 2012 by Anonymous

economics
Ali pays Rs. 855 property tax.What is the assesed value of his home, if the tax rate in his locality is 2.5% ?
October 13, 2011 by Anonymous

Economics
Suppose that the equilibrium quantity in the market for widgets has been 200 per month. Then a tax of $5 per widget is imposed on widgets. The price paid by buyers increases by $2 and the after-tax price received by sellers falls by $3. The government is able to raise $750 per...
November 12, 2011 by Samantha

Economics
I'm trying to research for a paper about why we shouldn't have flat tax rate, and a reason that i'm seeing people putting online, is that a flat tax rate of say, 18% would decrease tax revenue? Can someone explain how? I don't understand how taxes work.
September 26, 2011 by Anna

Economics
The Keynesian Multiplier under lump sum taxes A. Smaller than that under proportional tax B. Equal to that under proportional tax C. Larger than that under proportional tax D. Can be larger or smaller depending upon the size of the tax Choose the right answer from A, B, C or D?
March 17, 2010 by Salman

economics
Payroll Tax- You are an economic consultant to a city that just imposed a payroll tax of $1 per hour of work. This payroll tax is paid by workers through a payroll deduction; for each hour of work, the employer deducts $1 and sends the money to the city government. The initial...
November 29, 2011 by Anonymous

Finance/Economics
You can invest your money in a taxable corporate bond paying 10% interest or a tax-free municipal bond paying 7% interest. Which would pay the higher after tax interest if you are in the 28% tax bracket?
September 16, 2014 by Mark

economics
How could a tax cut achieve the same result? Would the tax cut have to be larger than the increase in government purchases? Why or why not?
February 22, 2010 by Anonymous

economics
Assume that the demand for gasoline is inelastic. The government imposes a sales tax on gasoline. The tax revenue is used to fund research into clean fuel alternatives to gasoline, which will improve the air we all breathe. a. Who bears more of the excess burden of this tax: ...
November 18, 2008 by laila

Economics
Property taxes, which are calculated as a percentage of the value of a home, are an example of a. the benefits- recieved principle b. a regressive tax c. the ability to pay principle d. a proportional tax
May 10, 2010 by Mary

Tax
Anyone knows what's the tax rate in Minnesota? I don't know the name of the tax, but I meant the tax you got taken away from your check when you work. Income tax? I web site with various tax rates corresponding to different level of income earned would be nice. Thanks ahead!
December 27, 2007 by Daisy

Economics
Suppose that the Government runs a pension fund to which all workers must contribute. The employee contribution rate is 6.2 percent on the first $84,900 of income. All income in excess of $84,900 is not taxed for pension purposes. What was the effective pension tax rate for a ...
March 8, 2007 by Tisha

Economics
4. Which of the following statements are positive in nature and which are normative? a. A tax cut will raise interest rates. I think it is Normative Economics
January 17, 2012 by Matt

Economics
The marginal tax rate is defined as the extra taxes paid on additional income divided by the increase in income. Calculate the marginal tax rate for the proportional tax system as income rises from $50,000 to $100,000. Calculate the marginal tax rate as income rises from $100,...
November 14, 2006 by Sally

economics
the average tax charge is $95. Assuming a normal distribution as a standard deviation of $10, use the approximate areas beneath the normal curve to answer what proportion of tax prep fees were exactly $100?
December 15, 2012 by Anonymous

ECONOMICS
Suppose you are a typical person in the U.S. economy. You pay 4 percent of your income in state income tax and 15.3 percent of your labor earnings in federal payroll taxes (employer and employee shares combined). You also pay federal income taxes as in Table 3. How much tax of...
April 22, 2010 by Anonymous

ECONOMICS
A senator wants to raise tax revenues and make workers better off. A staff member proposes raising the payroll tax paid by firms and using part of the extra revenues to reduce the payroll tax paid by workers. Would this strategy achieve the senator's goal? Explain.
March 15, 2013 by RAJA

tax
In which of the following situations would a taxpayer be better off to take the foreign taxes paid as an itemized deduction rather than as a foreign tax credit? A. The foreign tax paid was less than 10% of AGI B. The foreign tax paid was to a South American country C. The ...
April 2, 2012 by Andy

HISTORY
In 2001, President George W. Bush signed the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). This bill called for large tax cuts just as the Economic Recovery Act of 1981 had and largely benefited the wealthiest Americans. President Bush’s approach to ...
May 4, 2012 by JO

economics
what are the arguments of high income, middle income, low income and corporate tax payers who are critical o the Canadian government's income tax policy.
March 7, 2010 by Anonymous

Economics
If the federal government enacts a tax on a monopoly, how would you expect the additional tax to affect the following: 1. Output produced by the monopoly 2. Prices charged by the monopoly 3. Profits of the monopoly
February 14, 2012 by Nicole

Macroeconomics
If your are in a first-year macro economics course then... 1) yes government purchases can increase total income. 2) cutting taxes could achieve the same result, 3) But the tax cut would need to be larger because the tax multiplier is one less than the government multiplier. ...
September 27, 2006 by economyst

algebra
i did not get a response so i am rewording question . please help if you can. thanks ann store A charges 9.75% tax store B charges 7.25% tax If a shopper's pre tax receipt is between $11.57 and $81.43, write a compound inequality that describes the difference in taxes paid for...
February 5, 2012 by ann

economics
IF I have a perfectly elastic supply (horizontal), and the unit price of cigarettes goes up by increasing cigarette tax from 8 cents to $1.50, I know the quantity demanded goes down, but what happens in the long term (specifically in regards to tax revenues of the city?)
April 13, 2008 by Kurt

history
12. Link Past and Present In 2001, President George W. Bush signed the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). This bill called for large tax cuts just as the Economic Recovery Act of 1981 had and largely benefited the wealthiest Americans. ...
May 15, 2012 by kayla

debate
1. What are the advantages of our current tax system? What are the disadvantages? 2. What groups are hurt most by a “flat tax?” What groups profit the most? 3. Explain what tax deductions, tax credits, and tax shelters are (look them up if necessary). Why has the government ...
August 24, 2007 by Jason

Taxtation
Another client, Ms. Dunham, has asked you to help her understand how her tax is computed. You need to provide Ms. Dunham with the following: An example of how to calculate the tax liability using the tax rate table and the tax rate formula for a taxpayer with taxable income of...
October 15, 2014 by Micheal

math
In Chicago, the tax on a property assessed at $550,000 is $7,700. If tax rates are proportional in this city, how much would the tax be on a property assessed at $920,000? write a proportion to solve the question.
February 25, 2013 by kelly

CALCULUS ECONOMICS
Consider the same setting as in the previous question. Suppose that firms are NOT owned by consumers. Let s denote the size of the per-unit subsidy/tax given to the firms. Let positive values of s denote subsidies, and negative values of s denote taxes. QUESTION: What is the ...
March 13, 2014 by Jenney

economic
Do a google search on the concept of a “flat tax.” Explain how this tax scheme works and does it meet the criteria of tax efficiency and tax fairness/equity?
November 18, 2008 by laila

economics
Suppose the income tax rate schedule is 0 percent on the first $10,000; 10 percent on the next $20,000; 20 percent on the next $20,000; 30 percent on the next $20,000; and 40 percent on any income over $70,000. Family A earns $28,000 a year and Family B earns $65,000 a year. ...
June 23, 2009 by Margary

CALCULUS ECONOMICS
Consider an oligopolistic market with two firms. Each of them produces using a cost function given by c(q)=q^2. The aggregate demand in the market is given by 1000−p. Suppose that, in order to increase production, the government gives the firms a $100 per-unit produced ...
March 13, 2014 by Jenney

economics
Suppose that the government decides to charge cola consumers an excise tax. Before the tax, the market is in equilibrium, where 12 million cases of cola are sold every month at a price of $3.50 per case. After the tax, 6 million cases of cola are sold every month; consumers ...
October 16, 2009 by ben

Global Economics
RedBall Productions is a new company based in Orem, Utah. RedBall supplies stock images of still photography. Utah's state corporate income tax consists of a flat tax rate of 5% on all corporate income. RedBall Production's taxable income in 2005 was $500,000. What amount of ...
October 22, 2013 by Mak

income tax
In which of the following situations would a taxpayer be better off to take the foreign taxes paid as an itemized deduction rather than as a foreign tax credit? A. The foreign tax paid was less than 10% of AGI B. The foreign tax paid was to a South American country C. The ...
April 4, 2012 by Andy

Economics
Is this a Pigovian Tax? If the govenment were to impose a fee of $10,000 for each unit of air pollution released by a steel mill, this policy would be considered: A) A Subsidy B) A Regulation C) A Pigovian tax D) A Command-and-Control Policy A know it is not a subsidy or a ...
June 16, 2008 by G

Economics
I am working on the cost of taxation. Question: The market for pizza is characterized by a downward-sloping demand curve and upward-sloping supply curve. Suppose that the govenment forces each pizzeria to pay a $1.00 tax on each pizza sold. Illustrate the effect of this tax on...
April 20, 2008 by G

Economics
what is sales tax? and what is it used for?
May 4, 2008 by Lane

economics
income total spending $10,000 $10,000 20,000 18,000 50,000 35,000 100,000 60,000 If a sales tax of ten percent is levied on all purchases, calculate A. amoust of sales tax paid at each income level and B. the fraction f income paid in taxes at each income level Let X be pre-...
January 29, 2007 by sheela

Economics
Which tax is usually the most regressive ?
June 11, 2011 by Katina

Economics
Explain the difference between the government purchases multiplier and the net tax multiplier. If the MPC falls, what happens to the tax multiplier? Take a shot. What do you think is the difference. Hint: if government spending goes up by $100, then incomes immediately rise by...
September 27, 2006 by looj

Microeconomics
This is a 5 part question; (a-e)The question reads: Suppose that a market is described by the following supply & demand equations: Qs=2P & Qd=300-P a) Solve for the equalibrium price & quantity. (I think I understand this process.) b)Suppose that a tax of T is placed on buyers...
July 28, 2008 by Diane

Economics - Please Help
Suppose the economy has been producing its potential, but it is now experiencing a recession. Which of the following is a discretionary fiscal policy that would bring the economy closer to its potential output? Check all that apply. 1) A tax cut 2) A tax increase 3) The sale ...
July 6, 2010 by BC

economics
An increase in personal income tax rates will cause a(n)
October 3, 2011 by amanda

LABOUR ECON...TAX QUESTION
k here is the question suppose a government imposed an employment tax. That is upon entering the labour force an, individual had to pay a lump sum tax. (if they dont work, they dont have to pay the tax). How ould this affect the individual's labour supply curve? Good question...
November 6, 2006 by tofu

12grade economics
suppose that your state raises its sales tax from 5 percent to 6 percent. the state revenue commissioner forecasts a 20 percent increase in sales tax revenue . is this plausible? explain.
January 5, 2010 by aa

Economics
One supply-side measure introduced by the Reagan administration was a cut in income tax rates. Use an aggregate demand/aggregate supply diagram to show what effect was intended. What might happen if such a tax cut also shifted the aggregate demand curve?
February 4, 2013 by Anonymous

englewood
The gross income of Ginger Hughes is $215 per week. Her deductions are: $15.16, FICA tax; $29.33, income tax; 2% state tax; 1% city tax; and 3% retirement fund. What is her net income?
June 12, 2014 by dannier

economics
Suppose the demand and supply for milk are described by the following equations: QD = 600 - 100P; QS = -150 + 150P, where P is price in dollars, Q D is quantity demanded in millions of gallons per year, and Q S is quantity supplied in millions of gallons per year 1. Use these ...
May 10, 2013 by Suzy

Finance
If I have $40,000 of pre-tax what are the differences between $1,000 tax credit versus a $1,000 tax deduction for a single taxpayer in the 25% tax bracket?
August 2, 2013 by Tricia

math
Find the sales tax rate in your area. Using this tax rate, write a linear equation representing the total with tax for a purchase of x dollars. Use this equation to determine what the pre-tax cost of the item is if the total cost with tax is $10.
May 31, 2010 by Heather

math 3
The gross income of Ginger Hughes is $215 per week. Her deductions are: $15.16, FICA tax; $29.33, income tax; 2% state tax; 1% city tax; and 3% retirement fund. What is her net income? Please explain to me
August 4, 2014 by zyanna

economics
According to the permanent income hypothesis, households will tend to react to a temporary tax cut by? A) assuming the new tax level will be permanent. B) saving most of the additional disposable income. C) increasing consumption sharply in response to the higher disposable ...
October 3, 2013 by Tim

CALCULUS ECONOMICS
Consider a market in which aggregate demand is given by 1000−10p, and aggregate supply is given by 10p, where p denotes the market price. QUESTION: What is the maximum amount of revenue that the government can raise using a per-unit sales tax on consumers?
March 13, 2014 by Jenney

Economics
Why is there a loss in C.S. and gain in P.S. when there is a tariff in a small country where there are forward shift tax?
February 22, 2008 by Celia

Economics
With the new UK emregncy budget what are the advanatages and disadvantages of decreasing the corporation tax?
July 6, 2010 by Lily

Economics
"The government decides to increase tax- (ceteris parabis)". -> what is the effect of this in an economy?
April 19, 2012 by CrissyXD

economics PLEASE HELP
According to the permanent hypothesis, households will tend to react to a temporary tax cut by: A. assuming the new tax level will be permanent. B. saving most of the additional disposable income. C. increasing consumption sharply in response to the higher disposable income. D...
December 20, 2010 by tony

Economics
1) In which of the following situations would someone have to pay a gift tax? A. A relative dies and leaves you $13,000 in the will. B. Your cousin gives you a car worth $1,700. C. Your grandmother gives you $13,000 toward college. <<--- 2)Which of the following has ...
July 6, 2012 by Halima

algebra
please help me with this question. gives line graph with 0 to 2 1/2 marked. problem: store A charges 9.75% tax and store B charges 7.25%. if shoppers's pre-tax receipt is between $11.57 and $81.43, write and graph a compound inequality that describes the difference in taxes ...
February 2, 2012 by ann

economics
The following information applies to the market for a particular items in the absence of a unit excise tax: Price($ per unit) Quantity Supplied Quantity Demanded 4 50 200 5 75 175 6 100 150 7 125 125 8 150 100 9 175 75 According to the information above, in the absence of a ...
October 14, 2010 by Anonymous

ECONOMICS
what is the long-term impact of the tax rebate check in terms of fighting a recession?
February 19, 2008 by ineedhelp!

economics
If the government imposes a payroll tax on a monopsonist, do the wages go down along with the employment?
March 31, 2009 by lam

economics
assume a 10 percent sales tax is levied on all consumption, complete the following
July 24, 2012 by Anonymous

Economics
A decrease in the income tax rate _Increases_____ the value of the multiplier? That was my answer. Increases?
April 15, 2013 by Linda

Economics HELP PLEASE!!!!
Can someone please help me with a hint to solve this problem?? I'm struggling really hard with this. "Consider an oligopolistic market with two firms. Each of them produces using a cost function given by c(q)=q^2. The aggregate demand in the market is given by 1000−p. ...
March 21, 2014 by Anonymous

Micro-Economics
Suppose that the government imposes a tax on heating oil. 1. Would the deadweight loss from this tax likely be greater in the first year after it is imposed or in the fifth year? 2. Would the revenue collected from this tax likely be greater in the first year after it is ...
October 5, 2014 by Ann

home economics
Unemployment rate is unacceptably high. Is this positive economics, normative economics, or art of economics and why
April 26, 2008 by nathan

Economics
Suppose that your state raises its sales tax from 5 percent to 6 percent. The state revenue commissioner forecasts a 20 percent increase in sales tax revenue. Is this plausible? Explain. I would think not, because wouldn't the increase in sales tax shut out some people who do ...
November 14, 2006 by Mary

Economics
Suppose that your state raises its sales tax from 5 percent to 6 percent. The state revenue commissioner forecasts a 20 percent increase in sales tax revenue. Is this plausible? Explain. I would think not, because wouldn't the increase in sales tax shut out some people who do ...
November 17, 2006 by Marry

Social Studies
The question is "Evaluate the effectiveness of this action" The action was the government appologizing for Chinese Head Tax. Not only did the gov't appologize , it also gave symbloic payments to those affected by the head tax. Then it says "does it consider the perspectives of...
November 15, 2011 by Brooke

Economics
A. How can a tax on commodity be shifted forwards and backwards? B. What determines the amount of forward shifting that will occur?
May 9, 2008 by Ryan

Government US
13. Supply-side economics, during President Reagan’s administration, involved a. the supply component of the supply-demand equation. b. stressing the importance of tax cuts for businesses. c. stressing the importance of tax cuts for the wealthy. d. an increase in the size of ...
October 4, 2011 by HM

accounting
I'm stumped in reference to figuring the answer for the following question. If anyone can help I would be so thankful. The question is as follows: A county fire department receives property tax revenue on a 55% (December), 40% (April), 5% (June) basis. The uncollectible ...
January 2, 2011 by Darren

Accounting Tax
A taxable corporation faces a flat 35% marginal tax rate. What is the tax savings from an additional $100,000 deduction?
April 20, 2009 by Jane

accounting
Assume a corporation has earnings before depreciation and taxes of $100,000, depreciation of $40,000, and that it has a 30 percent tax bracket. What are the after-tax cash flows for the company? Question 17 answers
February 10, 2009 by cindy

economics
Unemployment rate is unacceptably high. Is this positive economics, normative economics, or art of economics and why
April 28, 2008 by nathan

Government USA-Help
Supply-side economics, during President Reagan’s administration, involved a. the supply component of the supply-demand equation. b. stressing the importance of tax cuts for businesses. c. stressing the importance of tax cuts for the wealthy. d. an increase in the size of the ...
October 5, 2011 by HM

math
Maribel's city imposes a tax that is 40% of the state tax she pays. Her taxable income is $198.50 per week. Her state imposes tax at a rate of 5%. How much state and local tax is withheld from her weekly pay?
September 20, 2010 by tynequa

homework
Maribel's city imposes a tax that is 40% of the state tax she pays. Her taxable income is $198.50 per week. Her state imposes tax at a rate of 5%. How much state and local tax is withheld from her weekly pay?
November 3, 2010 by Anonymous

math
Maribel's city imposes a tax that is 40% of the state tax she pays. Her taxable income is $198.50 per week. Her state imposes tax at a rate of 5%. How much state and local tax is withheld from her weekly pay?
April 8, 2013 by kk

math
Maribel's city imposes a tax that is 40% of the state tax she pays. Her taxable income is $198.50 per week. Her state imposes tax at a rate of 5%. How much state and local tax is withheld from her weekly pay?
May 16, 2013 by shaun

consumer math
Maribel's city imposes a tax that is 40% of the state tax she pays. Her taxable income is $198.50 per week. Her state imposes tax at a rate of 5%. How much state and local tax is withheld from her weekly pay?
June 27, 2011 by bobby

economics, math
Could you please help me with this problem: Consider an oligopolistic market with two firms. Each of them produces using a cost function given by c(q)=q2. The aggregate demand in the market is given by 1000−p. Suppose that, in order to increase production, the government...
March 24, 2014 by Tia

economics
what would happen to the consumer spending and on the unempolymentrate if the U.S government were to increase personal income tax rates
October 17, 2010 by Roger

economics
Why is a negative income tax, by itself, unlikely to be successful policy for maintaining the living standards of the poor?
November 26, 2010 by jody

economics
determine the relevance of taxation to Nigerian government. outline the difficulties encountered by tax collectors in nigeria.
April 4, 2013 by jolomi

math
3. The gross income of David Vaughn is $785 per week. His deductions are $42.25, FICA tax; $90.33, income tax; 2% state tax; 1% city tax; and 3% retirement fund. What is her net income for one week? A. $675.32 B. $628.77 [C. $605.32] D. $749.77
January 10, 2012 by jake

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