Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
JZ240 JZ240
wrote...
Go to Answer
Posts: 137
Rep: 0 0
A year ago
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%
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
Read 37 times
1 Reply
Replies
Answer verified by a subject expert
harrison5692harrison5692
wrote...
#1
Posts: 126
Rep: 1 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
This verified answer contains over 210 words.
1

Related Topics

JZ240 Author
wrote...

A year ago
Helped a lot
logbi
wrote...

Yesterday
Thank you, thank you, thank you!
Lourd Jenkins
wrote...

2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1005 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 159
  
 58
  
 505
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 352
Previous poll results: Does a gender wage gap exist in America?