d) During the 2008 global financial crisis, rising inflation, especially of food prices, had affected disposable incomes and thus causing reduction in consumption of many Malaysian households. Profits of businesses were also affected by rising costs. In addition, the global financial crisis was expected to have an adverse impact on the performance of the export sector. Global oil prices reached historical highs. As the fiscal costs of fuel subsidies became unsustainable, the Government raised domestic fuel prices by up to 40% on 4 June. Using the aggregate demand - aggregate supply model, show the effect of 2008 global financial crisis on the Malaysian economy.

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

In your current job, you earn $55,000. You take the standard deduction of $12,200. You have an offer of a new job working for a different employer. Your salary would go up by $5,000. Social Security taxes are 6.2%, and Medicare taxes are 2.9%. How much extra will you owe in payroll taxes if you take the new job? For taxable income over... ... but not ... the marginal tax rate is: over... $0 $9,700 10% $9,700 $39,475 12% $39,475 $84,200 22% $84,200 $160,725 24% $160,725 $204,100 32% $204,100 $510,300 35% $510,300 37% $2,200 $1,100 O $455 O S310