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Licemer1 [7]
3 years ago
6

What is the optimum role of government in a capitalist economy

Law
2 answers:
Afina-wow [57]3 years ago
8 0
In a capitalist economy, the role of government is very limited. The main functions of government, as given by Adam Smith, are to maintain law and order in a country, make national defense stronger, and regulate money supply.
Svetllana [295]3 years ago
4 0
In a capitalist economy the job or role of government is to make the national defense stronger, maintain law and order, and regulate the money supply. The government does not have a huge role in this type of economy.
Hope this helps Xx :)
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For James to avoid an underpayment penalty in 2020, he needs to pay <u>$23,912.50</u>.

<h3>What is an underpayment penalty?</h3>

An underpayment penalty is the IRS fine levied on taxpayers who do not pay enough of their estimated tax liability.

According to the IRS rules, to avoid an underpayment penalty, James must pay either 100% of last year's tax or 90% for 2020.

<h3>Data and Calculations:</h3>

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Tax rate = 25%

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Thus, for James to avoid an underpayment penalty in 2020, he needs to pay <u>$23,912.50</u>.

Learn more about underpayment penalties at brainly.com/question/14328731

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2 years ago
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Explanation:

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liberstina [14]
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