Consider the following supply and demand function, QD = 65 − 2P and QS = 1.5P − 5, and assume a $17.50 excise tax is collected from consumers. (a)  Calculate price and quantity in this market before (P1 and Q1) and after the tax (P2 and Q2). (b)  What is the amount of tax revenue that is collected from con- sumers, producers and in total? (c)  What is the relative tax burden of consumers and producers?

A state's conformity date can be used to determine: 1-Qualifications for state tax credits. 2-Whether recent changes to the Internal Revenue Code will carry through to the state return. 3-Whether the starting point for calculation of state taxable income is federal taxable income or federal adjusted gross income. 4-Which state-specific deductions may be claimed in the current year.

Calculate Your Taxes To find your net pay, you'll need to first calculate your taxes. Start period 02 | 01|2019 End period 02 | 15| 2019 Find the tax percentages for each type of tax on your pay stub and insert them here. Then, press the calculate button when you're ready. Gross Pay $1,837.00 Earnings Taxes Deductions FEDERAL % of $1,837.00 $1,837.00 Federal (8.24%) FICA Medicare (1.45%) FICA MEDICARE % of $1,837.00 FICA Social Security (6.20%) FICA SOCIAL SECURITY % of $1,837.00 State - OK (3.86%) STATE % of $1,837.00 Total Disclaimer: Tax numbers are for illustrative purposes only. Net Pay Calculate

Consider an ad-valorem tax on a good X. The Demand for good X is constant elasticity with elasticity -2. The Supply for good Y is constant elasticity with elasticity 3. What is the incidence of the tax? Provide a fraction that shows the ratio of the tax burden that falls on the supply side relative to the demand side: 3/2 2/3 none of these (2+3)/2 (2+3)/3

Taxable Income Total Tax $1000 $500 $2000 $600 $3000 $700 $4000 $800 $5000 $900 $6000 $1000 Refer to the income tax schedule given in the table. If your taxable income increases from $4,000 to $5,000, you will encounter a marginal tax rate of А. 30% В. 10% C. 18%

A value added tax (goods & services tax) is: A) efficient because it taxes neither exports or imports B) cascading C) self-policing except at the final stage D) progressive

Excise tax is not applied to: Excise tax is not applied to: None of the answer choices are correct. Wine Distilled spirits Beer Doughnuts

Before-tax internal rate of return (IRR) will always equal after-tax IRR. O True O False

To determine the effect of income taxes on economic analysis, we don't need to consider the before-tax cash flow. O True O False

A) The town of Dimmsdale is a popular tourist destination. The problem is, the tourists are not always considerate of the beautiful landscapes in and around Dimmsdale. Cleanup efforts cost Dimmsdale $5005 a day. The town has decided that it would be only fair to finance this by a "bed tax"-a per-room-per-night tax on every occupied tourist accommodation room. Denote this tax (in dollars per room per night) by t. Dimmsdale has many small hotels, guest houses, and B&Bs. The providers of these (“hoteliers") can all be assumed to be in perfect competition with each other, and they are all similar enough that tourists consider them perfect substitutes. The demand function for rooms is Q,(p) 700 - 5p, where Q, is the number of rooms demanded and p is the price per room per night in dollars. The marginal cost of providing a room is c = $50 per night, 60% of which is labor costs (accruing to the workers of Sunnyside). The total number of rooms available is fixed at Q = 400 (this cannot be…