Which of the following is an example of an exemption?

Q: What is progressive tax? Write its merits and demerits.

A: A tax is described as one that the government imposes on citizens who participate in the economy in…

Q: What is Double Taxation?

A: Taxation refes to a system of levying taxes on individuals or firms in the economy. Taxes are a…

Q: Price PA A B E a The tax in the graph is equal to Q₂ Q₂ St D Sy Q Quantity

A: A  demand curve depicts the relationship between the price of a good and the services and the demand…

Q: a. What is the equilibrium price buyers pay directly to the sellers? b. After paying the tax, what…

A: Set demand relatively inelastic such that the X intercept of the demand curve is 6 (this corresponds…

Q: Explain the impact of per-unit sales to the buyer and the seller, using a DIAGRAM that illustrates…

A: When sales tax is imposed on the producer, the production cost of the producer rises because for…

Q: What are the three distinct terms to describe taxes?

A: A tax is a unilateral payment made by the people towards the government for various purposes. The…

Q: 95. Homeowners   a. benefit from several loopholes.   b. must pay tax on the “income” of living…

A: The tax is the unilateral payment made by the public to the government for various purposes such as…

Q: Draw a product supply and demand graph showing a ceiling and a floor as usually created by a…

A: An individual’s willingness to pay for each unit of the quantity he or she wishes to consume is…

Q: Discuss justice and fairness while answering the questions. 1. Who should pay for the cost of social…

A: Note: In the BNED Guidance, only the first question can be answered at a time. Resend the question…

Q: Income tax is a a. Local tax b. Special tax c. Tax on persons d. Regressive tax e.…

A: Taxes are mandatory payments placed on individuals or businesses by a government agency, whether…

Q: e role of tax

A: The main purpose of taxation is that it finances the government expenditure . The most important use…

Q: Which of the following statements about corrective taxes is generally NOT true?

A: The correct option is D.

Q: What are the Average Tax Rates?

A: Average Tax rate is the sum of total taxes paid divided by total taxable income. Under the…

Q: 1. Where does the government get most of its money? a. It prints money b. It sells land c. Taxes d.…

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

Q: The table shows the market for tulips. Price (dollars per bunch) 10 12 14 16 18 Quantity supplied…

A: Given demand and supply schedule PriceQuantity demandedQuantity…

Q: What is tax system? Define and explain in your own words.

A: Taxation is the process by which a taxing authority, usually a government, imposes a financial…

Q: The government raises taxes on cigarettes from $1 per to $2 per pack. Prior to the tax increase, 5…

A: (a) Before increase in tax, the tax rate was t0 = $1 and quantity sold was q0 = 5 million packs The…

Q: Where does our taxes goes? What are the things that the government do to our taxes? Who are those…

A: As economies emerged, economic agents increased their demand for goods and services. Production of…

Q: ATA C Price e. C. PB Po Ps L ABI C 1 0 Size of tax per unit Ō w₂₁ LL Qo Supply If a tax is placed on…

A: The diagram shows a market for a product with supply and demand curves, and a tax is being forced.…

Q: It is a scheme to collect taxes on businesses and industries based on the amount of fossil fuels…

A: A kind of pollution tax that is imposed on businesses and individuals to burn carbon-based fuels…

Q: The graph shows the market for backpacks. Price (dollars per backpack) 22 20+ 18- 16- 14- 12+ 10- S…

A: Equilibrium is a state where supply and demand are balanced, ultimately leading to a stable market…

Q: K New York has the highest cigarette taxes in the country. The price of an average pack of cig. and…

A:

Q: The graph shows the market for backpacks. Price (dollars per backpack) 22- 20- 18- 16- 14- 12- 104 8…

A: The taxes are levied on both producers and consumers. However, the ratio of taxes to be paid are not…

Q: Briefly distinguish the specific tax and Ad Valorem tax? Don't need any example or long explanation.…

A: "A tax is a necessary fee or monetary charge imposed by a government on an individual or an…

Q: Give a brief conclusion about taxation in Malaysia

A: Malaysia has progressive direct tax system.People with higher income are taxed higher and people…

Q: he U.S tax system a progressive income tax. What is a progressive tax

A: Revenues are required to smoothly run the government. Government earn major parts of the revenue…

Q: In general, increasing a tax on a seller blank A. increases the amount buyers purchase B. increase…

A: In order to get the tax revenue, government chooses to tax on either buyer and seller.

Q: Discuss the 5 properties of a good tax system

A: A tax system is a bunch of regulations and guidelines that oversee the assortment of taxes from…

Q: Analyze taxes on tobacco through the perspective of: a. a smoker b. a cigarette firm

A: In an economy, when taxes are imposed on buyers or sellers, there will be different impact due to…

Q: What is the main reason of imposing higher taxes on a broadcasting Networks that using social media…

A: The main reason for imposing higher taxes on broadcasting networks that use social media for…

Q: if tax revenue decreases what would be the effect on maryland

A: The question is asking about the potential effects on the state of Maryland if there is a decrease…

Q: explain four reason why is tax important for a country

A: Tax is the unilateral payment made by the people towards the government for the income earned by the…

Q: who pays the corporate taxes the globel ecomany

A: When there is high tax rate in the economy then the firms respond by lowering the investments and…

Q: On what basis are taxes levied?

A: On the basis of levying of taxes, they can be classified into 3 categories:   Proportional Tax:…