What is meant by the incidence of a tax

Assignment Help Business Economics
Reference no: EM13833554

What is meant by the incidence of a tax? Explain why the statutory and actual incidence of a tax often differs.  

Reference no: EM13833554

Questions Cloud

Class measures distance to the nearest object : The motion detector we used in class measures distance to the nearest object by using a speaker and a microphone. The speaker clicks 30 times a second. The microphone detects the sound bouncing back from the nearest object in front of it. The compute..
Distinguish between the two types by observation : The Soup Nut serves his signature minestrone soup in two different bowl sizes, large and small. What strategy should he use to extract the most surplus possible out of customers who come in two types, regular and big eaters, when he cannot distinguis..
What is the average velocity of the ball : A lead ball is dropped into a lake from a diving board 5.08m above the water. It hits the water with a certain velocity and then sinks to the bottom with this same constant velocity. It reaches the bottom 4.72s after it is dropped ( Assume the positi..
What is the bonds modified duration : A bond has a Macaulay duration of 5.5 a yield to maturity of 6.1 percent, a coupon rate of 7.0 percent, and semi annual interest payments. What is the bond's modified duration?
What is meant by the incidence of a tax : What is meant by the incidence of a tax? Explain why the statutory and actual incidence of a tax often differs.
What are some of the secondary effect of this tax : The tax on cigarettes in New York City is the highest in the nation- $5.85 per pack. Does this tax raise a lot of revenue for New York City? Why or why not? What are some of the secondary effect of this tax?
Example of speculative risk-noninsurance risk transfer : One of the elements of risk is uncertainty. Which one of the following best describes the type of uncertainty that risk involves? Risk can be classified as pure or speculative. Which one of the following is the best example of a speculative risk? Whi..
Examine the effects of supply and demand of milk : Examine the effects of supply and demand of milk. How do markets operate to bring this product into existence? Think about how these different markets work together to create a new product. How does that relationship affect supply and demand for the ..
Discuss issue from the perspective of the payer and recipien : 1. You are the tax consultant for a spouse in a divorce proceeding. Please discuss and compare alimony versus child support from a tax perspective. Please discuss this issue from the perspective of the payer and from the recipient. A tax client has t..

Reviews

Write a Review

Business Economics Questions & Answers

  What is the effect of an increase in the investment rate

What is the effect of an increase in the investment rate on the level of steady-state output per worker in the Solow model? What is the effect of an increase in the investment rate on the growth rate of output per worker in the model? Illustrate and ..

  Suppose that the price of hersheys chocolate increases

Suppose that the price of Hershey’s chocolate increases. What would happen to equilibrium price and quantity in the market for Godiva chocolate? Be able to draw the graph that illustrates your answer.

  Most insignificant office that was the invention of man

John Adams wrote his wife that his office is the "most insignificant office that was the invention of man."

  Qwhat is the relationship between states that have stricter

q.what is the relationship between states that have stricter gun control laws and the crime rate?you will need to

  Gdp calculations

GDP Calculations; Consumption $300 Imports $30, Government purchases 150 exports 80, GNP 700, Gross Private Dom. Invest 100, a. Using the data in the table above, GDP is equal to _______.

  Explain how do you think that these individuals would rank

Explain how do you think that these individuals would rank the utility of these same expenses for themselves. What reasons may account for the similarities and differences in the ranking of such expenditures by your neighbor, your friend, and your..

  What should be the incentive rate per hour

If a company wants an employee about 14 dollars per hour to produce 60 units per hour plus it provide a base salary of 7 dollars per hour, what should be the incentive rate per hour?

  Illustrate what is the shutdown level of output

If the market price of suits is constant, illustrate what is the shutdown level of output. What is the minimum price the firm can accept.

  The demand for electricity

the demand for electricity and the concept that nuclear is cleaner than coal and who the special interest groups are that's involved

  Rental cars should be treated as perfectly divisible

Rental cars should be treated as perfectly divisible. Be sure to provide numerical coordinates for any particularly key point.

  Equivalent annual worth of costs

What is the equivalent annual worth of costs for the website over a total of 6 years at an interest rate of 12% per year.

  Assumption made under perfect competition

Sort the list below according to whether or not an item is an assumption made under perfect competition (aka pure competition or competitive industry). Assumed in perfect competition. Not assumed in perfect competition.

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!

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