Solved

The Table Given Below Shows the Absolute Tax Amounts Under

Question 57

Multiple Choice

The table given below shows the absolute tax amounts under five different tax policies for respective income levels.Table 19.2
The table given below shows the absolute tax amounts under five different tax policies for respective income levels.Table 19.2    -Taxes are one method of funding the poverty alleviation programs by the government. Which of the following is an important impact of taxes? A) Taxes increase workers' incentives to work for longer hours. B) Taxes raise the disposable income of the workers. C) Imposition of taxes makes the government popular among the people. D) Taxes reduce the opportunity cost of leisure. E) Taxes reduce the demand for labor.
-Taxes are one method of funding the poverty alleviation programs by the government. Which of the following is an important impact of taxes?


A) Taxes increase workers' incentives to work for longer hours.
B) Taxes raise the disposable income of the workers.
C) Imposition of taxes makes the government popular among the people.
D) Taxes reduce the opportunity cost of leisure.
E) Taxes reduce the demand for labor.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents