Tax revenue (millions of dollars) 60 40 20 The graph shows O no relationship. Tax rate (percent) a cross-section relationship. a relationship with a maximum. O a relationship with a minimum. a linear relationship.
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- What is the tax revenue using the graph?Use the data below to answer the following questions. Family Income Tax rate A $10000 20% B $50,000 4% C $100,000 2% Prepare a line graph to show a regressive tax or a progressive tax on different income groups. b. Analyse the tax structure chosen using the results from the graph.then tax revenue for the
- What is the formula/ way to include tax into these equations. I’m not sure how to graphQuestion Assume a government has $28,667 in tax revenues and $40,094 in total government spending. What is the value of the annual budget balance? Please round to 2 decimal places if needed. Be sure to include a negative sign (-) if it is a decrease and do not include a dollar sign ($) when answering.A Moving to the next question prevents changes to this answer. Question 7 The C.P.I. INCLUDES which of the following? a. Soldier uniforms, Congressional salaries, sewer repairs b. Entertainment, delivery trucks, income taxes c. Housing, sales taxes, prescription glasses d. Farming equipment, pharmaceuticals, surgery equipment Moving to the next question prevents changes to this answer.
- Question Arrange the following revenues in the federal government, from greatest to least. (1 being the greatest, 6 being the least.) Column A 1. 2. 3. 4. 5. 6. Individual Income Taxes Social Security and Medicare Taxes Corporate Income Taxes Excise Taxes Miscellaneous Revenue Customs Duties Column B a. 4 Select the three correct answers. O a Medicare and Medicaid Ob military and defense Uc state and local governments. Ud Federal Bureau of Investigation De education and transportation A f Social Security b. 2 c. 5 d. 1 e. 6 f. 3 Questio Which items are part of mandatory spending in the federal government?Provide an Illustration to illustrate one of the Final Income Taxes.why is the tax rate 6?