They caused the government to have a bigger deficit.
Answer: Option B.
<u>Explanation:</u>
Congress instituted significant tax reductions in 2001, 2002, and 2003. The demonstrations diminished negligible personal assessment rates; decreased charges on wedded couples, profits, capital additions, and on domains and endowments; expanded the youngster charge credit; and quickened devaluation for business speculation.
A 2006 Treasury Department study evaluated that the Bush tax breaks decreased income by around 1.5% GDP on normal for every one of the initial four years of their usage, a roughly 6% yearly decrease in income comparative with a pattern without those tax reductions.
Answer: Option (C)
Explanation:
The ratio scale is referred to as or known as a kind of the variable measurement scale that is mostly quantitative in the nature. The ratio scale tends to allow most researcher to bring out the comparison in between the intervals. This scale is fourth level of the measurement and thus tends to possess a 0 point or the character of the origin.
Interval scale is referred to as or known as the quantitative measurement scale under which the difference in between the two variables is mostly meaningful. This scale is known to be third level of the measurement.
Answer: $1,110.11
Explanation:
The Employer is to pay and withhold all taxes except the income tax withheld so the employer's payroll tax expense will be;
= Social Security Tax + Medicare tax + FUTA + SUTA
= ( 0.062 * 8,838) + ( 0.0145 * 8,838) + ( 0.008 * 7,000) + ( 0.054 * 7,000)
= 547.96 + 128.15 + 56 + 378
= $1,110.11
<em>SUTA and FUTA are payable on first $7,000 of an employee's pay.</em>