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- Federal excise taxes on gasoline vary widely across the developed world. The United States has the lowest taxes at USD $0.40 per gallon (or £0.07 per liter), Canada has taxes of $0.60 per gallon, Japan and much of Europe is $2.00 per gallon, while Britain has the highest tax at $2.83 a gallon or £0.5 per liter. If gasoline taxes are intended to reduce the time losses from road congestion in urban environments and gasoline pre-tax costs about £0.40 per liter, why might the optimal tax in Canada be 50 percent higher than in the United States? What would be an explanation for why adjacent countries would have such different estimates of the price elasticity of demand for auto driving?16What Seclor D..How are the income taxes determined?
- Price $6.00 $8.00 $10.0 $4.00 $20 18 16- 14 12 10- 8 6- 4- 2 0 10 20 30 40 50 60 70 80 90 Dafter Tax D Quantity Refer to the figure above. What is the share of the tax burden per unit that sellers would pay?The table shown displays the marginal tax tates that correspond to each taxable income bracket for an individual Taxable Income ($) Marginal Tax Rate (X) 1-10,000 10 10,001-40,000 15 25 40,001-90,000 90,001-150, e00 27.5 Consider two individusls Griffin and Dalia Grifin hos $90.000 of taxable icome end Dolio has $95.000 of taxable income Which of the following statements is true? Multiple Choice None of these are correct. O Geiffin owes $1250 more in tanes than Dala Dala owes S1375 more in taves than GrifinPrice $20 18 16 14 12 10 8 4 2 Dar San 10 20 30 40 50 60 70 80 90 Quantity o The amount of the tax per unit is
- Please no written by hand Use the 2019 U.S. federal tax rates in the table to calculate answers to the questions below. Give all answers to two decimals. 1st attempt See Hint If you have a taxable income of $323,420.00, what is yourtop marginal tax rate? % total tax bill? $ average tax rate? %What is the definition of Property taxb app.edulastic.com/student/assessment/B08T8ea821 Dxschools.org bookmarks e Your Eighty Dollar. E sds > NEXT A BOOKMARK Question 21/28 Paying a tax on gasoline when filling up your car is an example of a 21 A Income tax B Property tax c) Sales tax D Payroll tax DELL
- Figure 6-9 Price $20 N NAS8ON 00 18 16 14 12 10 6 4 2 0 O $6. O $4. 10 20 30 40 50 60 70 80 90 $10. $2. S Datter Tax Refer to Figure 6-9. The amount of the tax per unit is D QuantityWrite 3 difference between direct and indirect tax.If a bu siness man paid an annual in come ta e Of Rs. 56 000 to the according rates imple mented in in 2012 income 2011 ( Below table). of him ? tag what is the annual in co me Annual income Tax percentage Initial Rs. 500 Tax free 00. Next RS- 500 000 4%. Next RS. 500 8% 000 Next Rs 500 12% Next Rs 500 000 16%. 20% 24% Next Rs 500 000 Balance taxable income