The lower half of income earners pay ________ of federal income taxes.
A. 1%
B. 14%
C. 2%
D. 38%
Answer: C
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Refer to the table above. If Bob earns $105,000 per annum, he has to pay a tax of approximately ________
A) $6,400 B) $12,600 C) $18,675 D) $19,600
Capital structure refers to
A) the ratio of equity to debt. B) the ratio of common stock to preferred stock. C) the ratio of debt to equity. D) the ratio of cash to current liabilities
When an economy's government goes from running a budget deficit to running a budget surplus, the economy's long-run growth prospects are improved
a. True b. False Indicate whether the statement is true or false
__________ consumption expenditure is greater than disposable income
a) It is always the case that b) Saving is positive whenever c) Dissaving occurs whenever d) None of the above answers is correct because it is impossible for consumption expenditure to be greater than disposable income