Tax revenues can be found by
A) multiplying the tax base by the (average) tax rate.
B) dividing the tax base by the (average) tax rate.
C) summing the tax base and the (average) tax rate.
D) multiplying taxable income by the marginal tax rate.
A
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The open economy effect refers to the fact that
A) the position and shape of the long run aggregate supply curve is partially due to the fact that we import goods. B) the slope of the aggregate demand curve is partially explained by the reduction in the desire to buy fewer U.S. goods by U.S. residents and foreign residents as a result of a higher price level. C) the immigration policies of the United States are disruptive to labor markets. D) the aggregate supply curve shifts when the economy grows.
Which of the following is a liability of a commercial bank?
a. Property and buildings owned b. Loans c. Government bonds held d. Cash in its vault e. Deposits at the bank
Matt has decided to purchase his textbooks for the semester. His options are to purchase the books online with next day delivery at a cost of $175, or to drive to campus tomorrow to buy the books at the university bookstore at a cost of $170. Last week he drove to campus to buy a concert ticket because they offered 25 percent off the regular price of $16. Assume the minimum that Matt would be willing to accept to drive to campus is equal to the $4 he saved on the concert ticket. What would his economic surplus be if he bought his textbooks at the university bookstore rather than online?
A. $50 B. $20 C. $5 D. $1
Based on TJCA, the value of personal exemptions:
A. is $0.00 B. is $2400.00 C. varies with taxpayer's marginal tax rates D. is the same as the standard deduction