Second Welfare Theorem holds when taxes are in the form of 0 per unit tax (i) ad valorem tax (percentage of the sale price) (ii) Pigouvian tax (iv) lump-sum tax O a. () O b. ) and (iv) (ii) and (iv) od. ) Oe. ) and (ii) Of. none of them Og 0 and (i) (0. (1) and (iv) () and (i) (iv)
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- Four methods of completing a tax return and the time taken by each method are: A PC, one hour B Pocket calculator, 12 hours C Pocket calculator and paper and penol, 12 hours D Pencil and paper, 16 hours The PC and its software cost $1,000, the pocket calculator costs $10, and the penol and paper cost $1 Which of the methods is technologically efficient? OA. Only metod D is technologically efficient. OB. Methods A, B, and D are technologically efficient. OC. Only method A is technologically efficient. Oo. Methods A and C are technologically efficientTaxable Income Total Tax $1000 $500 $2000 $600 $3000 $700 $4000 $800 $5000 $900 $6000 $1000 Refer to the income tax schedule given in the table. If your taxable income increases from $4,000 to $5,000, you will encounter a marginal tax rate of А. 30% В. 10% C. 18%Based on the data, answer the questions. Earner Sally Pat What is Sally's tax rate? 38% 33% O 28% 24% Annual income amount $94551.00 $304557.00 What is Pat's tax rate? 0000 O 22% 31% 33% 24% Income tax amount $31201.83 $73093.68
- COURSE: MICROECONOMICS - TAX REGULATIONS The local diesel market is represented by Q = (912 - P)/12.5 and Q = (P - 315)/11where P is in dollars (USD) per liter of fuel and Q shows liters of fuel (in millions). Currently a tax of USD 130 per liter of diesel is charged.It is requested:(a) Calculate the amount (Q) that is transacted after the tax has been applied. Already solve few hours agob) Show in detail the calculations of a). Is there any difference between the price observed by suppliers and demanders? If so, what is the price observed by the producer and what is the price observed by the consumer? how much is the government's revenue? If there is an efficiency loss, how much is it? Already solve few hours agoc) At present, there are arguments in favor of increasing the tax on diesel and others in favor of decreasing it (at least temporarily). Mention at least ONE argument in favor of increasing this tax and ANOTHER argument in favor of decreasing it. And finally, conclude in…COURSE: MICROECONOMICS - TAX REGULATIONS The local diesel market is represented by Q = (912 - P)/12.5 and Q = (P - 315)/11where P is in dollars (USD) per liter of fuel and Q shows liters of fuel (in millions). Currently a tax of USD 130 per liter of diesel is charged.It is requested:(a) Calculate the amount (Q) that is transacted after the tax has been applied.b) Show in detail the calculations of a). Is there any difference between the price observed by suppliers and demanders? If so, what is the price observed by the producer and what is the price observed by the consumer? how much is the government's revenue? If there is an efficiency loss, how much is it? GRAPHc) At present, there are arguments in favor of increasing the tax on diesel and others in favor of decreasing it (at least temporarily). Mention at least ONE argument in favor of increasing this tax and ANOTHER argument in favor of decreasing it. And finally, conclude in favor of which argument you are in favor of.Use the table to answer the questions. In relation to taxes, Ramone will be filing as married filing jointly. Ramone is making $156,141.00 this year as an employee of Rust-Eze; he has no other income. Do not consider any deductions or expenses in this question. Married filing jointly or Married filing separ Single S0-$8,350 $8,351-S33,950 $33.951-$82,250 | $82,251-$171,550| |$171,551-$372,950| $372,951+ Tax rate qualified widow(er) SO-$16,700 $16,701-$67,900 S67,901-$137,050 $137,051-$208.850 $208,851-$372,950 $372,951+ S0-$8,350 SO-$11,950 S11,951-$45,500 S45,501-$117,450 $117,451-$190,200 10% $8,351-$33,950 $33,951-S68,525 S68,526-$104,425 | 25% 28% 33% 35% S104,426-$186,475 $190,201-S372,950 $186,476+ $372,951+ Use the table to calculate how much money Ramone will owe in taxes under a progressive tax program. Calculate how much money Ramone will owe in taxes under a proportional tax (flat tax) rate of 30%
- To determine the effect of income taxes on economic analysis, we don't need to consider the before-tax cash flow. O True O FalseA $5/ unit excise tax was applied. Please help me.Price (per latte) $4.50 S 4.00 3.50 3.00 2.50 2.00 1.50 1.00 0.50 0 200 600 1,000 1,400 1,800 Quantity of lattes (in cups) If an excise tax of $2.25 is assessed on each latte, government revenue will be: O $1.800 O $225 O $450 O $400
- Which statement accurately describes the correct tax treatment. a. The percentage of bad and doubtful debts at year-end is an estimate and allowable as it is specific bad debts provision. No adjustment is made to the income tax computation. b. If refunds from income tax of $150,000 included in revenue – the amount is subtracted in the income tax computation because the amount should have been credited to a tax recoverable account rather than to the profit and loss. Some countries specifically state that this is not a taxable income. c. Legal expenses for debt recovery are not allowed. We add this back in the income tax computation. d. Donation to the football club is an allowable expense for income tax purposes as the football club is a registered club. Therefore, we could not add this back in the income tax computation.Income Percent of Income Paid in Tax Total amount of Tax Paid Family A $10,000 20% $2,000 Family B $50,000 4% $2,000 Family C $100,000 2% $2,000 If all families had to pay a $2,000 tax to fund schools, which type of tax structure is this school tax? O Regressive Tax O Proportional Tax O Progressive TaxBusinesses that offer repayment plans for purchases are required by law to disclose the interest rate. But that dosent mean they let you go out of there way to let you know what it is. you have to read all the paper work. Find the interest rate for the follwing purchase. For a 312 square- foot family room, you choose carpert that costs $1.44 per square foot. The tax rate is 6.1% and youre offered 24 payemnts of 27.61. Round to one decimal, if necessary.