Question which of the following examples describe a, Ask an Expert

Economics

Question: Which of the following example(s) describe a proportional tax?

- Social Security tax rate of 6.2% on earned income below $117,000 and 0% on income earned above $117,000

- Medicare payroll tax of 2.9% of income for everyone, regardless of how much they earn

- Income tax with a 10% tax rate on low income households and 20-30% tax rates on higher income households

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92585728

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question a farm equipment manufacturer has already spent 3

Question: A farm equipment manufacturer has already spent $3 million in research and development to design a new model of tractor. To produce the tractors, the company will have to contract to rent a factory for a year a ...

Question wendys serves its hamburgers fresh off the grill

Question: Wendy's serves its hamburgers "fresh off the grill" This ensures high quality but creates leftover burgers if the staff overestimates the demand. Wendy's solves this problem by using the meat in chili, tacos, a ...

Qestion firms 1 and 2 compete on price the demand is q

Question: Firms 1 and 2 compete on price. The demand is Q = 100 - p, where p is the price. Consumers buy from the firm that sells more cheaply. If both firms sell at the same price, demand is divided equally. The margina ...

Question watch the video servant leadership - joe schmitt

Question: Watch the video "Servant Leadership - Joe Schmitt." Discuss why this is a good example of leadership through acts of service in terms of the way the actions of the leader demonstrate integrity and personal char ...

Question what change agent skills are necessary for helping

Question: What change agent skills are necessary for helping a dysfunctional group become more effective? What if problems exist between managers? What happens if they refuse the help of the change agent? Do you believe ...

Question in august 2002 preliminary data showed that

Question: In August 2002, preliminary data showed that payroll employment rose 39,000, household employment rose 429,000, and the unemployment rate fell from 5.9% to 5.7%. (A) Based on these data, what conclusion would y ...

Question a the endowment effect creates a problem for doing

Question: a. The endowment effect creates a problem for doing incentivized experiments in economics, especially if the experimenter wants to study risks that involve losses. Describe the problem and suggest a solution. b ...

Question 1 in january 2009 congress passed a major stimulus

Question: 1. In January 2009, Congress passed a major stimulus bill. The bill increased federal spending over several years; in 2010, stimulus spending was $385 trillion, or about 2 percent of GDP. According to the Offic ...

Question do you think americans have lost their willingness

Question: Do you think Americans have lost their willingness to take economic risks? Data indicates that more US residents than ever before own their own businesses but at the same time, the federal government has added ...

Question a domestic shoe company distributes running shoes

Question: A domestic shoe company distributes running shoes and tennis shoes for $95 per pair to it domestic shoe retailers. The marginal cost of producing a pair of running shoes is $60 and the marginal cost of producin ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert