--%>

Tax problem

Give the answer of following question. A progressive tax is such that: A) tax rates are higher the greater one's income. B) the same tax rate applies to all income receivers, so that the rich pay absolutely more taxes than the poor. C) entrepreneurial income is exempt from taxation. D) the revenues it yields are spent on transfer payments.

   Related Questions in Microeconomics

  • Q : Rolls of Intermediaries Upon the

    Upon the average, all intermediaries do NOT: (w) decrease the opportunity costs of goods to consumers. (x) raise the incomes of producers. (y) reduce transaction costs. (z) increase the cost of living. Hey friends

  • Q : Evidence for Diminishing Marginal

    Evidence that may potentially be cited as conflicting with the law of diminishing marginal utility would comprise: (i) Della’s enthusiasm for all-you-can-eat buffet diminishes subsequent to her fifth plate of lasagna. (ii) Jethro trades in his 1981 Gremlin on th

  • Q : Calculations of price elasticity of

    At a price of $50, the demand for DVD games is roughly: (w) perfectly elastic. (x) perfectly inelastic. (y) unitarily elastic. (z) relatively inelastic.

    Q : Minimum Required Quantity Demand An

    An economic rent is earned when the owner of any resource as: (w) receives income greater than the minimum required to ensure that the quantity demanded is obtainable. (x) exerts control over the payment for the resource. (y) sells input services in a

  • Q : Personal distribution of income Select

    Select the right ans wer of the question. The personal distribution of income refers to the: A) division of income between personal taxes, consumption expenditures, and saving. B) division of income on the basis of industry sources, for example, agriculture, transport

  • Q : Define Direct taxes Direct taxes :

    Direct taxes: Whenever the liability to pay tax and the burden of that tax fall on similar person, it is termed as direct tax. Illustrations are: wealth tax, income tax, corporation tax, gift tax and so on.

  • Q : Production falls and price of demand

    A candy factory generated 5.2 million packages of gummy worms in this year as well as sold them for $1.27 all. Last year this sold 4.7 million packages of gummy worms of $1.36 all. Such firm’s gummy worms have price elasticity of demand roughly

  • Q : Prices and sales of normal goods The

    The growth of per capita national income would most likely rise the: (i) Prices of lard and employed tires. (ii) Federal budget deficit. (iii) Prices and sales of the luxury cars. (iv) Supply of untrained labor. Ca

  • Q : Industrial Unions-specific industry Can

    Can someone help me in finding out the right answer from the given options. The industrial union is intended to cover all the workers who: (1) Encompass a specific skill. (2) Are in a specific industry. (3) Encompass experience as apprentices. (4) Work merely on assem

  • Q : Measurement of below poverty line Below

    Below the poverty line the proportion of the U.S. population is: (w) rises with upturns of the business cycle. (x) has declined, though somewhat erratically, over the past 50 years. (y) has been virtually eliminated by a vigorous “War on Poverty