If the tax base is $100 billion and tax revenues are $15 billion, what is the average

Question:

If the tax base is $100 billion and tax revenues are $15 billion, what is the average tax rate?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

See More Books

Question Posted: Feb 12, 2016 07:35 AM

See More Questions

It is April 4, 2015, and your company is considering the possibility of purchasing the Chrysler automobile manufacturing business. Managers of Fiat, the Italian auto mobile manufacturer that owns...
The economist Arthur Laffer has long argued that lower tax rates, by stimulating employment and investment, can lead to increased tax revenue to the government. If this prediction is correct, a tax...
If the structural budget deficit is $100 billion and the actual deficit is $300 billion, what is the size of the cyclical deficit?
8 for 0 < < 6 for 6
Match the following terms and definitions a. order-to-cash b. procure-to-pay c. spaghetti code d. three-tier architecture e. database tier f. application tier g. user tier h. firewall i. business...
A hand of five-card draw poker consists of an unordered arrangement of five cards from an ordinary deck of 52 playing cards. a. How many five-card draw poker hands are possible? b. How many different...
What are some common market research concerns in hospitality? How do you think these concerns could be addressed with market research?
Traver-Dunlap Corporation has a 15% weighted average cost of capital (WACC). Its most recent sales were $980 million and its total net operating capital is $870 million. The following shows estimates...
Peer Corporation paid $64,000 to acquire 80% of Sizee Corporation's outstanding voting common stock at book value on May 1, 2017. The stockholders' equity of Sizee on January 1, 2017 consisted of...
A small particle of mass m is released from rest in a viscous fluid to fall under gravity. The particle experiences a linear drag force F = -bv, measuring distance z downwards as the positive...
A rise in aggregate demand raises Real GDP and the price level. Draw the aggregate supply curve that is consistent with this statement. Next, a rise in aggregate demand raises the price level but...
What would the aggregate supply curve look like if a rise in aggregate demand led to a rise in Real GDP but to no change in the price level?
Consider a steam power plant operating on a reheat Rankine cycle. Steam enters the high pressure turbine at 16 MPa, 550oC and is condensed in the condenser at 10 kPa. If the moisture content of the...
Indicate whether each of the following types of transactions will either (a) increase stockholders' equity or (b) decrease stockholders' equity: 1. expenses 2. revenues 3. stockholders' investments...
The following selected transactions were completed by Lindbergh Delivery Service during October: 1. Received cash from issuing capital stock, $$75,000$. 2. Paid rent for October, $$4,200$. 3....
Murray Kiser operates his own catering service. Summary financial data for February are presented in equation form as follows. Each line designated by a number indicates the effect of a transaction...
A. Given that y = e 2x + 1 complete the table of values of y corresponding to x = 0.5, 1 and 1.5. B. Use the trapezium rule, with all the values of y in the completed table, to obtain an estimate for...
Draw a schematic using NFETs and PFETs for a restoring logic gate that implements the function = 0 if zero or two of inputs cba are true. Assume that all inputs and their complements are available.
Identify the key drivers of globalisation. Discuss what are the implications of these for innovation.
Describe a job you have had in the past or a job you are very familiar with. Indicate the negative aspects of the job and how it could be improved with current human resource management techniques.
The dates of importance in connection with a cash dividend of $\$ 275,000$ on a corporation's common stock are July 2, August 1, and September 1. Journalize the entries required on each date. objs....
This past year, Used Imported Autos sold very few cars and lost over $500,000. As a consequence, its manager is contemplating two strategies to increase its sales volume. The low-cost strategy...
Pelican Point Financial Groups clientele consists of two types of investors. The first type of investor makes many transactions in a given year and has a net worth of over $1 million. These investors...
CPT Inc. is a local manufacturer of conveyor systems. Last year, CPT sold over $2 million worth of conveyor systems that netted the company $100,000 in profits. Raw materials and labor are CPTs...
Assume that an investment of $100,000 is expected to grow during the next year by 8% with SD 20%, and that the return is normally distributed. Whats the 5% VaR for the investment? A. $24,898 B....
Simpson Ltd is a small IT company, which has 2 million shares outstanding and a share price of $20 per share. The management of Simpson plans to increase debt and suggests it will generate $3 million...
The following are the information of Chun Equipment Company for Year 2 . ( Hint: Some of the items will not appear on either statement, and ending retained earnings must be calculated. ) Salaries...

If the tax base is $100 billion and tax revenues are $15 billion, what is the average

Question:

Step by Step Answer:

Tax revenue Tax base averag...View the full answer

Economics

Students also viewed these Economics questions