The tax base is
A. the minimum amount of tax revenue that government must collect each year.
B. the sum of all incomes earned in the United States.
C. the maximum amount of tax revenue that government must collect each year.
D. the value of all goods, services, incomes, or wealth subject to taxation.
Answer: D
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The elasticity formula solves the units problem because percentages are unaffected by the units of measure.
Answer the following statement true (T) or false (F)
Foreign direct investment declined worldwide during the recession of 2007-2009
The decline in foreign direct investment in developing countries can make it more difficult for these countries to break out of the vicious cycle of low economic growth and A) overpopulation. B) low saving and investment. C) low government spending. D) a low import/export ratio.
What is a better pricing strategy for the monopolist? At this price, what are the total profits to the monopolist?
a. Bundle the goods at $2,800 . Profits=$5,600 b. Bundle the goods at $4,000 . Profits=$8,000 c. Charge $2,800 for good 1 and charge $1,700 for good 2; Profits=$4,500 d. Charging the lowest price for each good individually is the best pricing strategy; profits = $7,000
As a percentage of national income, the U.S. spends more money on health care than any other industrialized nation
a. True b. False Indicate whether the statement is true or false