Sam earns $45,000 per year working at the IRS. Between state and federal taxes, his income is taxed at 35 percent. What is his disposable income?
A) $45,000
B) $15,750
C) $29,250
D) $35,000
Correct Answer:
Verified
Q9: If the government decreases the income tax
Q10: The government can enact expansionary fiscal policy
Q11: Fiscal policy most directly affects the economy
Q12: Consumption depends on:
A) total income.
B) disposable income.
C)
Q13: If the government increases the income tax
Q15: If the government cuts funding for public
Q16: If the government introduces a new bill
Q17: Which component of GDP will be affected
Q18: If the government were to increase spending,
Q19: Government decisions about the level of taxation
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