Title: Equity of TaxationThe graph shows the demand (D) and supply (S) in the labor market, where P ...
Post by: JZ240 on Nov 14, 2022
Equity of Taxation
The graph shows the demand (D) and supply (S) in the labor market, where P represents the wage rate and Q represents the number of hours worked per week.
Assume that P1=$18.50, P2=$57.25, P3=$81.75, Q2=25, and Q3=47. Suppose the government decides to levy an income tax that shifts the supply curve to Stax. What is hourly tax? The worker pays ________ percent of the tax and the employer pays ________ percent of the tax.
Please round your final answer to two decimal places.
▸ $24.5, 100%, 0%
▸ $63.25, 61.26%, 38.74%
▸ $24.5, 0%, 100%
▸ $63.25, 38.74%, 61.26%
The graph shows the demand (D) and supply (S) in the labor market, where P represents the wage rate and Q represents the number of hours worked per week.
Assume that P1=$18.50, P2=$57.25, P3=$81.75, Q2=25, and Q3=47. Suppose the government decides to levy an income tax that shifts the supply curve to Stax. What is hourly tax? The worker pays ________ percent of the tax and the employer pays ________ percent of the tax.
Please round your final answer to two decimal places.
▸ $24.5, 100%, 0%
▸ $63.25, 61.26%, 38.74%
▸ $24.5, 0%, 100%
▸ $63.25, 38.74%, 61.26%
Title: Equity of TaxationThe graph shows the demand (D) and supply (S) in the labor market, where P ...
Post by: harrison5692 on Nov 14, 2022
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