Instructions: Round your answers to two decimal places for part a. For the remaining parts, round your answer to the nearest whole number. Show
a. Suppose an excise tax of $1.50 per gallon is levied on gasoline suppliers. Draw the after-tax supply curve. Instructions: Use the tool provided 'Stax=$1.50' to draw the after-tax supply curve when the tax is $1.50. Plot the endpoints Consumers will pay $____ . Producers will receive $____ . b. The government will collect $____ million in tax revenue as a result of the tax. c. Suppose the tax is raised to $3 per gallon. Draw the new after-tax supply curve. Instructions: Use the tool provided 'Stax=$3.00' to draw the after-tax supply curve when the tax is $3.00. Plot the endpoints The government will collect an additional $____ million as a result of the tax increase from $1.50 to $3.00. d. Suppose the tax is raised again to $4.50 per gallon. Draw the new after-tax supply curve. Instructions: Use the tool provided 'Stax=$4.50' to draw the after-tax supply curve when the tax is $4.50. Plot the endpoints Tax revenue would _____. The Congress shall have Power 1. To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States; This passage from the Constitution supports which of the following statements? All national taxes must be devoted to providing
for the common defense. Recommended textbook solutions
 Calculus for Business, Economics, Life Sciences and Social Sciences13th EditionKarl E. Byleen, Michael R. Ziegler, Michae Ziegler, Raymond A. Barnett 3,913 solutions
Social Psychology10th EditionElliot Aronson, Robin M. Akert, Samuel R. Sommers, Timothy D. Wilson 525 solutions Human Sexuality Today9th EditionBruce M. King, Pamela Regan 1,085 solutions Human Resource Management15th EditionJohn David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine 249 solutions Recommended textbook solutions
Fundamentals of Engineering Economic Analysis1st EditionDavid Besanko, Mark Shanley, Scott Schaefer 215 solutions
Century 21 Accounting: General Journal11th EditionClaudia Bienias Gilbertson, Debra Gentene, Mark W Lehman 1,012 solutions
Essentials of Investments9th EditionAlan J. Marcus, Alex Kane, Zvi Bodie 689 solutions Introductory Business Statistics1st EditionAlexander Holmes, Barbara Illowsky, Susan Dean 2,174 solutions What type of tax takes the same percentage of each taxpayer's income?proportional tax—A tax that takes the same percentage of income from all income groups.
What type of tax has the same rate for everyone?A proportional tax applies the same tax rate to all individuals regardless of income. A progressive tax imposes a greater percentage of taxation on higher income levels, operating on the theory that high-income earners can afford to pay more.
Under which type of tax does everyone pay the same percentage of his earnings quizlet?A proportional tax is one which all people pay the same percentage of their earnings. A progressive tax takes a greater percentage of a person's income as it increases. A regressive tax takes a smaller percentage of a person's income as it increases.
Which type of tax system requires all taxpayers to pay the same fraction of their income regardless of how much money they earn select all that apply?Flat Tax. A flat income tax system imposes the same percentage tax rate on everyone, regardless of income. In the U.S., the payroll tax that funds Social Security and Medicare is often considered a flat tax because all wage earners pay the same percentage.
|
What type of tax takes the same percentage of each taxpayers income quizlet?
zusammenhängende Posts
Urheberrechte © © 2024 nguoilontuoi Inc.
