Eco 450 week 11 final exam part 2

Question 7 The reduction in marginal tax rates will: Answer Question 8 Which of the following is true for the federal income tax in the United States?

Answer Question 9 The excess burden of tax preferences: Answer Question 10 Tax expenditures are: Answer Question 11 Accelerated depreciation allows corporations to: Answer Question 12 In the long run a corporate income tax that initially reduces the return to investment in the corpoÂŹrate sector will also: Answer Question 13 If corporations maximize profits, the short-run incidence of a tax on its profits will be borne by: Answer Question 14 If an all-equity firm has after-tax income of $100,000 based on a 34% income tax, what is the after-tax income of an equivalent firm that pays $15,000 in interest that is tax deductible?

Answer Question 15 If the supply of savings is not perfectly elastic, the corporate income tax is likely to: Answer