Taxes and transfers have little effect on reducing income inequality in Canada True or False The...
Taxes and transfers have little effect on reducing income inequality in Canada
True or False
The global income Gini coefficient is larger than that in any individual country.
True or False
Homework Answers
1)the given statement is false and this is because of the fact that the tax system of Canada is highly progressive in nature so that the higher income individuals pay higher tax and the transfer mechanism and redistribution effects can get to reduce the inequality of income in Canada to a greater extent on the whole
Therefore 'False' is the answer to this question
2)the given statement is false in this is because of the fact that the global Gini coefficient my life somewhere between the highest and lowest Gini coefficient because all the the population is taken into account and it is a weighted average and therefore it cannot lie in a higher position than that of some individual country
Therefore 'False' is the answer to this question
Add Answer to:
Taxes and transfers have little effect on reducing income
inequality in Canada
True or False
The...
Most capitalist countries have very little economic inequality. True False There has been an increase in...
Most capitalist countries have very little economic inequality. True False There has been an increase in extended family household over the last decade or so in the US True False Sociologists predict which of the following to be true for family life in the US in the future: divorce rates will remain high all of the above children's risk of poverty will increase both household partners/parents will have to work to financially support the family family life will be more...
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True or False -6. Employee payroll deductions include FICA taxes, income tax, and voluntary deductions such...
True or False
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TRUE/FALSE 1. Social Security taxes are levied equally on the employee and the employer. 2. Employee...
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Most capitalist countries have very little economic inequality. True False There has been an increase in extended family household over the last decade or so in the US True False Sociologists predict which of the following to be true for family life in the US in the future: divorce rates will remain high all of the above children's risk of poverty will increase both household partners/parents will have to work to financially support the family family life will be more...
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TRUE/FALSE 1. Social Security taxes are levied equally on the employee and the employer. 2. Employee benefits costs represent expenses to the employer in addition to the direct costs of salaries and wages. .3. Unearned revenues are classified as current liabilities 4. Each time a payroll is recorded, a separate journal entry usually is made to record the employer's FICA and state and federal unemployment taxes. 5. Since Jon Company has very little employee turnover, the company has received a...
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