User Account

All Pages

Government implemented a negative income tax

Assignment Help Business Economics
Reference no: EM13889225

Suppose the government implemented a negative income tax and used the following formula to compute a family's tax liability: Taxes owed= (1/3 of income)-$15,000. A family earning $60,000 before taxes would have how much after-tax income?

A. $5,000 B. $15,000 C.$55,000 D. $65,000

Reference no: EM13889225

Questions Cloud

Write the equation for the iso-cost line and plot : Suppose that price of capital is $1 and price of labor is $2 and total outlay is $16. Write the equation for the iso-cost line and plot it on the same graph with the iso-quants.
Explain what effects reduction in the interest rate : Consider a small open economy that maintains a fixed exchange rate. Explain what effects a reduction in the interest rate that prevails in world financial markets would have on each of the following domestic variables after the economy has adjusted t..
Essay about social networking and its positives on society : Social Networking has been around long enough to consider the positives and negatives that it provides to society. Use recent events to discuss cases from the last 2 years.
Temperature to be reduced are best for society to implement : Suppose the marginal cost of solving the global warming problem and the marginal benefit of doing so are listed below. How many degrees of temperature to be reduced are best for society to implement? Explain why?
Government implemented a negative income tax : Suppose the government implemented a negative income tax and used the following formula to compute a family's tax liability: Taxes owed= (1/3 of income)-$15,000. A family earning $60,000 before taxes would have how much after-tax income?
Collect published sources and record publication details : Collect published sources and record publication details
Which policy is more to be successful at the least cost : .S. policy to increase the miles per gallon (mpg) of new cars is to mandate an average mpg for cars sold by U.S. manufacturers. In many countries within the European Union, the policy is to tax gasoline so that the price per gallon at the pump is sta..
Compensating wage differentials reflect different skills : Compensating wage differentials reflect different skills of workers? Efficiency wages are equal to the marginal productivity of workers? The signaling theory of education suggests that schooling does not affect worker productivity.
Differ from change in quantity demanded : Explain as completely as you can (IN YOUR OWN WORDS) what an economist means by demand (supply) and discuss (this implies that you are able to discuss why the factor causes the shift and explain the direction of the shift. How does a change in demand..

Reviews

Write a Review

Business Economics Questions & Answers

  Elucidate the multiplier concept as it applies in this case

Elucidate the multiplier concept as it applies in this case also what are the qualifications and limitations of the m.

  What are episode-based payments

What are episode-based payments (EBPs) and how do they differ from traditional FFS payments. What is the economic intent behind EBPs? Explain how EBPs relate to the idea of supply-side cost sharing?

  Q1 the herbivores society is selling mini bbq vegetable

q1. the herbivores society is selling mini bbq vegetable burgers for 3.00 each. if each individual student has the

  Calculate the maximum amount of the other good

In this exercise, you will find actual points on the combined PPC of the two states. For each of the following values of one good, calculate the maximum amount of the other good that the two countries could produce working together.

  Government expenditure and net exports remained constant

if consumption in the changed to 43 while government expenditure and net exports remained constant, what would happen to investment as a share of GDP ?

  Q1the item to rice or paintings which product did you

q1.the item to rice or paintings. which product did you expect to have a higher index of intra-industry trade and

  How might this impact stock price in the short term

How might this impact stock price in the short term? How do you believe that management deals with these two sometimes competing goals?

  Which nation produce chevrolets also produce toyotas

Utilizing productive efficiency as guide, which nation should produce Chevrolets and which should produce Toyotas.

  Determine profit maximization output and price

Determine profit maximization output and price. Show profits and deadweight in the graph

  Regulation of business both at the federal and state level

Discuss the Commerce Clause of the U.S. Constitution and its regulation of business both at the Federal and State level.

  What are the economic benefits of the flu shot

Politicians are often heard saying that tuition at state universities should be kept low "to make education equally accessible to all residents of the state, regardless of income." Think about the flu shot in the context of a public good. What are th..

  Examples of moral hazard

Identify which of the following situations currently faced by the World Bank or the International Monetary Fund are examples of adverse selection and which are examples of moral hazard.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd