Diffrentiate between direct tax and indirect tax

On what basis are taxes levied?

Use the information in the table to answer the following question. Income Amount of % of Income Tax $25,000 $6,750 25% $50,000 $10,000 20% $100,000 $15,000 15% Which kind of tax does the data in the table represent?

Social Security is a 6.2 % tax income up to a level that is matched by one’s employer? True or False

Income          Amount of tax  10,000           1,000 50,000          10,000 100,000.        30,000 calculate the percentage of income paid in tax. Is this an example of a progressive, regressive or proportional tax? Explain.

A $1200 television has a 10 percent tax. Calculate the tax amount and total amount due.

Percent of Income Paid in Total amount Income Tax of Tax Paid Family $10,000 10% $1,000 A Family $50,000 20% $10,000 В Family $100,000 30% $30,000 C Identify the tax structure based on the tax chart. Proportional Tax Progressive Tax Regressive Tax

Why are sales taxes considered regressive?

A new elected government want to reform its tax system. As an economist you are hired to advise the government how to design a better tax system. Give your recommendation on factors that government need to consider if they want to implement the better tax system. Add specific example or case for each factor you recommend to government

What items are part of mandatory spending in the federal government?