Most of a payroll tax is eventually paid by A. employers if the supply of labor...
Most of a payroll tax is eventually paid by
| A. |
employers if the supply of labor curve is very inelastic. |
|
| B. |
workers if the supply of labor curve is very inelastic. |
|
| C. |
workers if the supply of labor curve is very elastic. |
|
| D. |
employers if the labor demand curve is very elastic. |
Homework Answers
b.
Larger burden of tax falls on the market side which is relatively inelastic. If supply of labor is inelastic, most of the burden falls on workers.
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Most of a payroll tax is eventually paid by
A.
employers if the supply of labor...
QUESTION 20 The federal government currently levies a 15.3 percent payroll tax (7.65 percent on both...
QUESTION 20 The federal government currently levies a 15.3 percent payroll tax (7.65 percent on both the employer and employee) on the wages of all workers. If the demand for laboris relatively elasti when compared to the inelastic supply of labor, the burden of this tax will a. be divided equally between employees and employers b. Its impossible to tell from this information c. fall primarily on employees d.tall primarily on employers.
An article indicates that an airline ticket tax was temporarily suspended for a short period of...
An article indicates that an airline ticket tax was temporarily suspended for a short period of time and that this temporary lapse has resulted in a windfall profit for most airlines because there was little price adjustment. Draw a set of 4 supply and demand graphs to represent extreme cases, where every graph has a tax on in a way that you can see how much of the tax’s incidence falls on consumers versus that of producers. These four graphs...
6. Who should pay the tax? The following graph shows the labor market for research assistants...
6. Who should pay the tax? The following graph shows the labor market for research assistants in the fictional country of Universalia. The equilibrium wage is $10 per hour, and the equilibrium number of research assistants is 200. Suppose the government has decided to institute a $2-per-hour payroll tax on research assistants and is trying to determine whether the tax should be levied on the employer, the workers, or both (such that half the tax is collected from each side)....
b. wnosnould pay the tax? The following graph shows the labor market for research assistants in...
b. wnosnould pay the tax? The following graph shows the labor market for research assistants in the fictional country of Universala. The equilibrium wage is $10 per hour, and the equilibrium number of research assistants is 100. Suppose the government has decided to institute a $4-per-hour payroll tax on research assistants and is trying to determine whether the tax should be levied on the employer, the workers, or both (such that half the tax is collected from each side) Use...
According to the labor supply curve, as the real wage rises, O employers are willing to...
According to the labor supply curve, as the real wage rises, O employers are willing to provide fewer jobs. workers are willing to provide more labor. O employers are willing to provide more jobs. workers are willing to provide less labor. O employers will not change the number of jobs they provide.
5. If demand is elastic, will shifts in supply have a larger effect on equilibrium quantity...
5. If demand is elastic, will shifts in supply have a larger effect on equilibrium quantity or 6. If supply is inelastic, will shifts in demand have a larger effect on equilibrium price or on Under which circumstances does the tax burden fall entirely on consumers? İpts on price? Ipts quantity? 1pts 8. What is the relationship between price elasticity and position on the demand curve? For example, as you move up the demand curve to higher prices and lower...
Explain why the excess burden of a lump-sum tax will always be zero. Why is the...
Explain why the excess burden of a lump-sum tax will always be zero. Why is the payroll tax not a lump-sum tax? Show how a payroll tax affects the wages paid by employers and received by workers, assuming that it is withheld from their paychecks. Assuming that the supply of labor is not perfectly inelastic, show how the excess burden can be measured.
Suppose that before any tax on labor income, the equilibrium wage in a market is $10...
Suppose that before any tax on labor income, the equilibrium wage in a market is $10 per hour. Once the government imposes a $3 per hour tax on labor income, the equilibrium wage rises to $11 per hour. What does that reveal about the elasticities of supply and demand for labor? A) Demand is more elastic than supply. B) Both the supply and demand are inelastic. C) Supply is more elastic than demand. ...
6. Who should pay the tax? The following graph shows the labor market for research assistants...
6. Who should pay the tax? The following graph shows the labor market for research assistants in the fictional country of Universalia. The equilibrium wage is $10 per hour, and the equilibrium number of research assistants is 250. Suppose the government has decided to institute a $4.per hour payroll tax on research assistants and is trying to determine whether the tax should be levied on the employer, the workers, or both (such that half the tax is collected from each...
Question 15 (1 point) In which case would producers bear 100% of the tax incidence? a)...
Question 15 (1 point) In which case would producers bear 100% of the tax incidence? a) an inelastic demand curve and a perfectly elastic supply curve an inelastic demand curve and a unitary elastic supply curve d) a perfectly elastic demand curve with an inelastic supply curve d) a perfectly inelastic demand curve with an elastic supply curve
QUESTION 20 The federal government currently levies a 15.3 percent payroll tax (7.65 percent on both the employer and employee) on the wages of all workers. If the demand for laboris relatively elasti when compared to the inelastic supply of labor, the burden of this tax will a. be divided equally between employees and employers b. Its impossible to tell from this information c. fall primarily on employees d.tall primarily on employers.
6. Who should pay the tax? The following graph shows the labor market for research assistants in the fictional country of Universalia. The equilibrium wage is $10 per hour, and the equilibrium number of research assistants is 200. Suppose the government has decided to institute a $2-per-hour payroll tax on research assistants and is trying to determine whether the tax should be levied on the employer, the workers, or both (such that half the tax is collected from each side)....
b. wnosnould pay the tax? The following graph shows the labor market for research assistants in the fictional country of Universala. The equilibrium wage is $10 per hour, and the equilibrium number of research assistants is 100. Suppose the government has decided to institute a $4-per-hour payroll tax on research assistants and is trying to determine whether the tax should be levied on the employer, the workers, or both (such that half the tax is collected from each side) Use...
According to the labor supply curve, as the real wage rises, O employers are willing to provide fewer jobs. workers are willing to provide more labor. O employers are willing to provide more jobs. workers are willing to provide less labor. O employers will not change the number of jobs they provide.
5. If demand is elastic, will shifts in supply have a larger effect on equilibrium quantity or 6. If supply is inelastic, will shifts in demand have a larger effect on equilibrium price or on Under which circumstances does the tax burden fall entirely on consumers? İpts on price? Ipts quantity? 1pts 8. What is the relationship between price elasticity and position on the demand curve? For example, as you move up the demand curve to higher prices and lower...
6. Who should pay the tax? The following graph shows the labor market for research assistants in the fictional country of Universalia. The equilibrium wage is $10 per hour, and the equilibrium number of research assistants is 250. Suppose the government has decided to institute a $4.per hour payroll tax on research assistants and is trying to determine whether the tax should be levied on the employer, the workers, or both (such that half the tax is collected from each...
Question 15 (1 point) In which case would producers bear 100% of the tax incidence? a) an inelastic demand curve and a perfectly elastic supply curve an inelastic demand curve and a unitary elastic supply curve d) a perfectly elastic demand curve with an inelastic supply curve d) a perfectly inelastic demand curve with an elastic supply curve
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