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You are having a political debate with a friend. The discussion centers on taxation You show your friend some data from your economics textbook that suggests that the average American paid about $8,500 in federal income tax in 2007.Your friend says, "If $8,500 per person is what it takes to run this country, then I think that it would be much simpler if we just billed each American $8,500 and eliminated the complex tax code."Is this type of tax supported by the "ability-to-pay" principle of tax equity? Is it vertically equitable? Is it horizontally equitable?
the minimum wage in this market is $8, what is the impact on the market? Who are the winners and losers of the minimum wage? Draw a graph and mark the areas to show the impact of the minimum wage.
Some time ago you put $500 into a bank account for a "rainy day". Since then, the bank has been paying you 1% per month, compounded monthly. Today, you checked the balance and found it to be $708.31. How long ago did you deposit the $500
You went on a trip to Tombstone, Arizona and stopped into a gift shop, where you began talking with the owner. You find out that she needs to apply for a small business loan and needs to calculate the net cash flow for the year 2015.
A certain fluidized-bed combustion vessel has an investigation cost of $ 100,000, a life of 10 years, and negligible market (resale) value. Annual costs of materials, maintenance, and electric power for the vessel are expected to tota
each having advantages which make it do method of choice under a given set of circumstances. The selection of one method from several for a given set of conditions is the topic of this case study. Three methods of financing are described in detail..
Southwestren Moving and storage wants to have enough money to purchase a new tractor-trailor in 5 years at a cost of $290,000. If the company set aside $100,000 in 2 years and $75,000 in 3 years how much will the company have to set aside in 4 yea..
Suppose that you are the manager of an accounts receivable unit in a large company. You are switching to a new system of billing and record-keeping and need to train your three supervisors and 28 employees in the new procedures. What training me..
A toll bridge across Mississipi River is being considered as a replacement for the current I-40 linking Tennessee to Arkansas. Because this bridge, if approved, will become a part of the U.S. Interstate highway system, the B-C ratio
ABC Corp. owns a piece of land and building a few miles from its headquarters. The land originally cost ABC $500,000 to purchase. ABC is considering using the facility for a new training program. It could also rent a building about the same distan..
What items does the regular reviewer examine? The independent reviewer?
Event 1: The wages for all dental assistants increase, increasing the costs of inputs. Event 2: The government provides national dental insurance benefits for all U.S. citizens that cover 100% of the cost of all dental services.
What is the minimum increase in income necessary for the consumer to be as well off under price px = 1, py = 2, as she/he was at prices px = 1, py = 1 Explain why the percentage increase is smaller than the increase in the CPI for the consumer
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