True or false? Explain your answers. a. Payroll taxes do not affect a persons incentive to take

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True or false? Explain your answers.

a. Payroll taxes do not affect a person’s incentive to take a job because they are paid by employers.

b. A lump-sum tax is a proportional tax because it is the same amount for each person.

b. What is the marginal tax rate for someone with income of $20,000? How much total tax does this person pay? How much is this as a percentage of his or her income?

c. Is this income tax proportional, progressive, or regressive?

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Macroeconomics

ISBN: 9781319098759

5th Edition

Authors: Paul Krugman, Robin Wells

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Question Posted: Mar 05, 2024 04:00 AM

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True or false? Explain your answers. a. Payroll taxes do not affect a persons incentive to take

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Answer a False Payroll taxes do affect a persons incentive to take a job albeit indirectly While its ...View the full answer

Macroeconomics

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