Where does the federal government obtain almost all of their revenue?     foreign governments   taxes   sales of government property   by buying Treasury bonds

Question 6 Who pays for government subsidies? Everyone else The wealthy Big business The poor pay thru deprivation of goods and services

Supposed you are offered a job with Amazon upon graduation. Your starting salary will be $70,000 which will put you in the 22% federal income tax bracket. The total amount of income taxes you pay is $11,285.50. Your average tax rate is approximately ______.   25.0%   16.1%   21.3%   13.3%   11.5%

What is the benefit of having state and local taxes on income instead of collecting all such taxes at the federal level? What is the local tax in your county/city? Make sure to state the county/city and the tax rate. How does this compared to the tax rate of neighboring counties/cities? How do you feel about this? Does the location with the higher tax rate receive better amenities (schools, police, road conditions? Would you rather pay a higher tax for better service?

Draw a curve that shows the relationship between the tax rate and the amount of tax revenue collected. The relationship between the tax rate and the amount of tax revenue collected is called the This curve shows that OA. Reagan; tax cuts can increase tax revenue B. maximum tax rate; taxes can never be too low OC. tax revenue; a higher tax rate brings greater tax revenue OD. Laffer, tax cuts can increase tax revenue curve.

Which is smaller in value, a $7,500 tax deduction or a $7,500 tax credit? Explain why. Please No more than three sentence. keep it simple.

When the government spends tax dollars where does the money come from? What does the government obtain with the money? Are there any opportunity costs to government taxing and spending?

Suppose you bought a digital camera for a total purchase price of $279.99. If state taxes were 5.4%, what was the amount of the sales tax? (Round your answer to the nearest cent.)

Question 16 A deficit during a period of economic prosperity is called a deficit.

How do corporations avoid paying their taxes? What is the government doing about this and do you agree or disagree with the government's actions?