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Suppose Montana establishes an income tax schedule that has a tax rate of 5% on the ?rst $20,000 of income, 10% on the next $10,000, and then 20% on all taxable income above $30,000. Montana provides a $2,000 exemption (deduction) per family member. (Let's call this tax system A.)
(a) The Abrams family has three members. Thomas is the sole earner, and he has two kids. The family's annual income is $35,000. Calculate their: (i) Marginal tax rate; (ii) Taxable income; (iii) Total taxes; (iv) Average tax rate.
Using the IS-LM model derive graphically derive the aggregate demand function. Fully explain each step of your derivations.
The nation of Potchatoonie produces hockey pucks, cases of root beer, and sandals. The following table provides data on prices and quantities of the three goods in the years 2011 and 2014. Pucks Root beer Sandals Year Quantity Price Quantity Price Qu..
Discuss the reasons political scientists have identified for why people join interest groups. Elaborate on what interest groups do for their member
The subsequent cell-phone offer by Sprint is typical of Illustrate what one can get on a cell phone plan. Illustrate what is marginal cost.
1. How was Georg Hegel's philosophy influenced by the ideas of Immanuel Kant?
Look up Humana Energy (HUM) and find the current bid-ask spread as well as the order size for the bid and ask, during the trading day (Yahoo Finance). Discuss the consequence of these numbers for the risk of the firm.
The base pay for army recruits is $16,000 per year. The army has been recruiting 100,000 new soldiers each year. But this is found to be inadequate given the need for troops in abroad. what would have to be the increase in base pay to attract the des..
In January, root beer and orange soda each cost $1 a bottle. Judith's income is $20. She buys 5 root beers and 15 orange sodas. In February, the price of root beer falls to 50 cents, the price of orange soda increases to $2 and Judith's income remain..
Please explain the fallacy of the "Infant Industry" argument as a form of protectionism as to its policy solution and policy intention.
Compare and contrast the four market structures. Include comments in regards to price setting for profit maximizing, origination of the market structure, and government responses and/or involvements in each type of market structure.
The total cost (TCZ) of the De Beers Company (a monopolist) is given by TCZ = 100 + 50QZ + 0.5Q2Z where QZ is the number of diamonds produced and put on the market by the De Beers Company. What is social welfare when De Beers acts as a perfect compet..
What relationship is there between Sierra Leone's Gross Domestic Policy and its economy?
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