the third question ( photo ) and the fourth queetion (photo) are the same. i re edited wheni realized it was not very well visible.

MODULE 4 PERSONAL INCOME TAX AND CORPORATE INCOME TAX Use the tables below to answer the following questions: Unit: LCU million Discretionary PIT Policy Adjusted PIT Revenue Changes Wages and Salaries Year PIT Revenue Ln Adjusted PIT Revenue Ln Wage and Salaries 19,005 740 0.00 9.85 6.60 732 21,456 746 0.00 9.97 739 6.61 2009 2010 2011 2012 2013 24,215 924 -3.73 919 10.09 6.82 27,051 1052 10.21 0.00 1,046 6.95 29,398 1120 -6.31 10.29 1120 7.02 2014 31,302 1272 -0.11 1272 10.35 7.15 2015 25,547 946 0.00 946 6.85 10.15 2016 17,890 730 0.00 9.79 730 6.59 2017 17,768 625 0.00 625 9.79 6.44 Summary Output of OLS Regression Regression Statistics Multiple R 0.97 R Square 0.95 Adjusted R Square 0.94 Standard Error 0.06 Observations Coefficients Standard Error t-Stat P-value 2.42 Intercept 1.62 1.49 0.18 1.07 0.10 11.20 0.00 Ln Wage and Salaries The table above lists the actual PIT revenue, the discretionary changes in PIT revenue, and a summary of OLS regression results in Azerbaijan between the period 2009 and 2017. What is the estimated elasticity of PIT revenue with respect to the proxy tax base? 2.42 1.62 1.07 0.1 X Total wage and salaries in 2018 is forecasted to be 16,000 million. What is the percentage decline in the forecasted tax base relative to current period tax base in 2017? -7 percent -8 percent -9 percent -10 percent 4.6 (graded) asticity approach illustrated above, what is the forecasted PIT revenue in 2018? million million million million u have used 0 of 2 attempts 1 point possible graded Use the tax elasticity approach illustrated above, what is the forecasted PIT revenue in 2018? 558.125 million 650.125 million 708.125 million 508.125 million