9. In the years from 1867 to 1914 the British Parliament was in its weakest state of the nineteenth century. trade unions and socialist societies combined to create the Labour Party. ☐ a flat income tax was introduced to fight inflation. suffrage expanded to include one fifth of adult females. Britain experienced few strikes from iron and coal miners.
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- From the data calculate the NDP at FC. Wages and salaries are 700 dollars, rent 100 dollars, depreciation $50, subsidies $100.2 Explain Nozick's argument that taxation is forced labor. Do you find the argument convincing? Why or why not?FUTA is a federal tax that is paid by employers for each employee to provide _____ compensation to workers who have lost their jobs. a. Medicare b. unemployment c. self employment d. social security
- The U.S. House of Representatives was designed to be the least democratic chamber of Congress. ensure minority rights. protect the rights of citizens who belong to third parties. ensure majority rule. h NextWhat do you think would happen if there were no taxes and you could spend all your money on capital and employee wages?Question 33 Do buyers or sellers bear more of the burden of this tax? Group of answer choices Buyers bear more of the tax burden. Seller's bear more of the tax burden. Buyers and sellers bear the burden equally.
- Consider the market for unskilled labor in Iowa. Suppose the state government votes to impose a $3.00 tax on each worker's hourly wages. The labor supply curve will shift up by $3.00. Use the points to trace out the tax revenue the government will gain from this tax and answer the questions. Hourly wage ($) 20 19 18 17 16 15 14 13 32HD9 8 7 6 54321 12 11 10 Supply + tax Supply Demand 0 0 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 90 95100 Workers (in thousands) Tax RevenueWhat impact does taxes have on the state of employment and the workforce? Are they beneficial or a hindrance to growth in employment? If taxes were lower, how could business differently? What do you think would happen if there were no taxes and one could spend all the money earned on capital and employee wages?Impact of higher taxes on labor income from now to next 5 years.
- Write an essay about: Evaluation of the Hong Kong tax system (20%) Effectiveness of the Hong Kong tax system towards reduction of wealth inequality (20%) Optimal tax change recommendations for wealth redistribution (40%) Other possible measures for reduction of wealth inequality (20%) It is about 1,000 to 1,500 words.1. Suppose a tax on wages is passed to finance a government program. The legislation orders a tax of 12.4% on per hour wage earnings with 6.2% to be paid by employers and 6.2% to be paid by workers. Assume labor supply is more inelastic than labor demand. Under these assumptions, describe the statutory burden of the tax? a.The statutory burden is fully on workers. b. The statutory burden is fully on employers. c. The statutory burden is distributed in equal amounts to workers and employers. d. The statutory burden cannot be determined.WAGE (Dollars per hour) 20 18 16 + 14 12 10 2 0 0 1 80 120 180 240 300 360 420 480 540 600 LABOR (Number of workers) 2 Levied on Employers (Dollars per hour) 0 1 Tax Proposal Supply Demand 2 1 Levied on Workers (Dollars per hour) 0 Market for Laboratory Aides 000 Wage (Dollars per hour) Quantity Hired (Number of workers) Labor Demanded (Number of workers) Demand Shifter Tax Levied on Employers (Dollars per hour) For each of the proposals, use the previous graph to determine the new number of laboratory aides hired. Then compute the after-tax amount paid by employers (that is, the wage paid to workers plus any taxes collected from the employers) and the after-tax amount earned by laboratory aides (that is, the wage received by workers minus any taxes collected from the workers). 4 480 0 After-Tax Wage Paid by Employers (Dollars per hour) Labor Supplied (Number of workers) Suppose the government is concerned that laboratory aides already make too little money and therefore Supply Shifter…
