The concept that people should pay taxes based on the benefits they receive from government services is called Group of answer choices the ability-to-pay principle. the benefits principle. horizontal equity. vertical equity.

Q: Contrast the benefits-received and ability-to-pay principles of taxation. Which of the following…

A: Taxes are the major source of revenue of government. Government levies different varieties of tax on…

Q: Tax incidence is the division of the burden of a tax between the A. society; seller B. buyer; seller…

A: Tax is a compulsory payment made by the individual, or company to the government as revenue to carry…

Q: The idea that people in equal conditions should pay equal taxes is referred to as Group of answer…

A: The term “tax” is defined as the compulsory payment made by the individuals of the country to either…

Q: The table below describes three tax systems (A, B, and C) for three income levels. Tax system A Tax…

A: (a) Tax System A:i) Percentage of income= 2,00020,000×100=10%ii) Percentage of…

Q: The idea that an increase in a tax rate generates a reduction in the tax base that makes the net…

A: Imposition of tax on a good generates tax revenue for the government

Q: This means that source of revenue should be sufficient to address the demand of public expenditures.…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: Households Lowest 20 percent Second 20 percent Third 20 percent Fourth 20 percent Highest 20 percent…

A: Let us assume that total income of everyone is $100 which means lowest 20% earns $5, next 20% earns…

Q: Imagine Two Households each with an income of $65,000 per year. Household A consists of two married…

A: The issue at stake is figuring out what area of government policies of equality in taxes regarding…

Q: 17. To which of the following government programs would a single, cross-country truck driver with no…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: Consider two individuals (a rich individual and a poor individual) and two types of goods: public…

A: Consumer theory is referred to the study of how an individual decides on spending their wealth on…

Q: If the market price before the tax is $10.05, the tax implemented is $5.9 on buyers, and the market…

A: The tax is the charge or fee on goods and services charged from the economic agent imposed by the…

Q: o economic theory, which of the following is NOT a feature of an ideal tax system? Multiple Choice…

A: In economics, the Ideal Tax system is a system that complete the criteria of increasing state…

Q: Which of the following is an example of a progressive tax? Group of answer choices All of the above…

A: Progressive tax can be defined as the tax burden which increases with increase in income of the…

Q: Which one of the following statements is TRUE?   In a proportional tax system, the marginal tax…

A: A proportional tax, regularly referred to as a flat tax, is a tax system in which the tax price…

Q: The tax system is used to reduce income inequality through the use of taxes. Select one: a.…

A: Tax is the amount that is charged by the government from an individual or an organization on their…

Q: Contrast the benefits-received and ability-to-pay principles of taxation. Which of the following…

A: Since you have asked multiple questions, we will answer only first question for you. If you have any…

Q: Increasing the current tax rate is likely to: decrease the competitiveness of the state…

A: Tax rate: It refers to the proportion at which a business or individual is burdened. A few…

Q: The base Medicare payroll tax (currently 1.45%) is an example of a _______________ income tax. A.…

A: Proportional tax:  The tax system that takes the same percentage of income from individuals,…

Q: xplain the benefits principle and the ability-to-pay principle. What are vertical eguity and…

A: Microeconomics is the study of how people and businesses allocate resources and set prices for…

Q: The Principles of Taxation Taxation systems are centered around two basic ideas. One is that people…

A: Based on these principles, here are some proposed changes to the Zambian tax system:1.Introduce…

Q: Explain in your own words how you believe the Jamaican Government could use taxation to create…

A: The Caribbean economies relies heavily on key sectors such as travel and tourism, international…

Q: Graph two different approaches to government as a function of tax rates.

A: There are different approaches why tax is levy . .1. Distributive function :: for allocation of…

Q: What is wrong with this answer?

A: The correct answer is No one would have an incentive to work once they had earned $200,000, so…

Q: progressive income tax has a greater deadweight loss compared to a proportional incone tax ?…

A: Progressive income tax is a situation when the level of taxes increases with the increase in income…

Q: Contrast the benefits-received and ability-to-pay principles of taxation. Which of the following…

A: In public economics, the theory of taxation argues that it is imperative for the state to raise…

Q: Discuss the view that the best way to achieve greater equity in the distribution of income in a…

A: The concept that depicts that every income group in a nation would be having similar and a less…

Q: Many economists believe that a more effective way to supplement the income of the poor is through a…

A: A person or firm is required by law to pay taxes to the government based on their income or…

Q: What effect does implementing a progressive tax system have on income inequality in a country? A. It…

A: A progressive tax system is one in which the tax rate increases as the taxable amount increases. It…

Q: ​A progressive tax is: A. ​designed to take a greater percentage of the income of lower-income…

A: Progressive means the one which increases with it's variable.  This means progressive tax is the tax…

Q: The U.S. federal income tax is an example of a _______________ income tax. a. regressive  b.…

A: Income tax is a tax that is charged on the income of individuals, businesses, and other entities.…

Q: In three sentences or less, define and explain the triple-taxation issue and how congress has…

A: When a taxation authority, which is most often a government, levies or imposes a financial…

Q: Which of the following is not a determinant of the optimal size of governmen The consumer's…

A: Various debates are taken by various economist from time to time to find the optimal size of…

Q: Discuss the key tenets of the U.S. personal income tax code. For example, our tax rates are…

A: A tax code is indeed a federal govt document that describes the rules that people and organizations…

Q: With a progressive tax, those with income tend to pay a

A: A Tax System in which there is an increase in the tax rate as the taxable income increases is known…

Q: The demand for a good is XD=1500 - 5P and the supply is XS= 1000 where X is number of units and P is…

A: Considering Bartleby Guidelines, I have solved the first two parts. Please post the third part…

Q: Entry fees at national parks and monuments are an example of:         the ability-to-pay principle…

A: There are certain theories and principles which explains the public expenditure and provision of…

Q: When assessing the welfare effects of taxes, we can conclude that They are always welfare…

A: Before-tax, equilibrium occurs where demand equals supply.When tax is imposed in a market, the…

Q: suppose Lena makes $50000 per year and Mariah makes $65000 per year. If each pays $5000 in taxes:…

A: - Proportional: Everyone pays the same percentage of their income in taxes.- Progressive:…

Q: Refer to Figure 1. Government revenue from the tax of $20 per unit is $600 $400 $500 $20 a. b. C. d.

A: Equilibrium is where the demand curve intersects the supply curve.  Government revenue from tax is…

Q: If the benefits from an antipoverty program are phasedout as an individual’s income increases, the…

A: Poverty is an economic problem in which an individual is unable to afford and consume the basic…

Q: A government collects $175 billion quarterly in tax revenue. Each year it allocates $70 billion to…

A: Given that, A government collects $175 billion quarterly in tax revenue. Each year allocates $70…