Business, 28.01.2020 20:45 sanociahnoel
Taxes may be variously described as progressive, proportional, or regressive, depending on how the percentage of income paid in tax changes as income rises.
a. you can show that a tax on consumption is regressive using the keynesian consumption function. suppose c = 1000 + .5yd, and the government collects 10% of all consumption expenditures in taxes. calculate the taxes paid by the household earning yd = 1000 with the household earning yd = 10,000. show that the consumption tax is regressive — show your math. (4 points)
b. a number of people have argued for a flat tax with each person getting a personal exemption of, say, $10,000, meaning that they pay zero tax on the first $10,000 of income and then 20% on all income above that. is such a flat tax progressive, proportional, or regressive? offer an example to demonstrate your answer. (4 points)
Answers: 3
Business, 22.06.2019 12:30
land, a building and equipment are acquired for a lump sum of $ 1,000,000. the market values of the land, building and equipment are $ 300,000, $ 800,000 and $ 300,000, respectively. what is the cost assigned to the equipment? (do not round any intermediary calculations, and round your final answer to the nearest dollar.)
Answers: 1
Business, 22.06.2019 21:00
China's new 5 percent tax on disposable wooden chopsticks, reflecting concerns about deforestation, has been praised by environmentalists. the move is hitting hard at the japanese, who consume 25 billion set of wooden chopsticks annually. almost all of the chopsticks used in japan come from china. the reuirements for chinese manufacturers of wooden chopsticks to pay the 5 percent tax is a factor in their external environment.
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Business, 23.06.2019 00:00
Which of the following statements is true about an atm card?
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Business, 23.06.2019 23:00
Refer to exhibit 5-4. if tickets for viewing television show tapings are free, for which show will fans most likely have the longest wait to get tickets?
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