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JZ240 JZ240
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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%
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Macroeconomics

Macroeconomics


Edition: 3rd
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harrison5692harrison5692
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A year ago
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A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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You make an excellent tutor!
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This calls for a celebration Person Raising Both Hands in Celebration
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