Helping America’s seniors. Suppose that the government proposes eliminating any tax on earnings from work which are less than $20,000 for Americans at least 62 years old. Seniors earning more than this threshold would still be subject to the normal income tax rates on higher earnings.
a. Sketch a budget constraint in the leisure-income diagram consistent with this proposal.
b. If the proposal were adopted, what do you predict would happen to the labor supply of seniors? Explain.

Answers

Answer 1

a. The proposal to eliminate any tax on earnings from work which are less than $20,000 for Americans at least 62 years old would shift the budget constraint for seniors downward, as they would be able to keep more of their earnings from work without having to pay taxes on them.

The new budget constraint would have a kink at the $20,000 threshold, as earnings below this level would not be taxed, while earnings above this level would be subject to the normal income tax rates. Assuming leisure is measured on the vertical axis and income is measured on the horizontal axis, the new budget constraint would have a steeper slope above the $20,000 threshold, reflecting the higher tax rate on earnings above this level, and a flatter slope below the threshold, reflecting the absence of taxes on earnings below this level.

b. If the proposal to eliminate taxes on earnings below $20,000 for seniors were adopted, we would expect to see an increase in the labor supply of seniors. Seniors would face a lower tax rate on their earnings, which would increase their after-tax income and provide a greater incentive to work.

This increase in the labor supply of seniors could have several implications. On the one hand, it could help to address labor shortages in certain sectors of the economy, particularly in low-skilled jobs where seniors may be more willing to work. On the other hand, it could also lead to increased competition for jobs among seniors and younger workers, potentially putting downward pressure on wages.

Overall, the impact of this proposal on the labor supply of seniors would depend on a range of factors, including the availability of jobs, the wages offered, and the preferences of seniors with respect to work and leisure.

Learn more about labor here:

https://brainly.com/question/14348614

#SPJ11


Related Questions

What are some common spreadsheets applications?​

Answers

USES ( APPLICATIONS) of spreadsheet are;

1) to create budgets : Excel can be used in creation of budget s which is the estimation of revenue as well as expenses which covers specified future period of time.

2)produce graphs and charts: it's application is helpful in creating graphs in mathematics as well as statistics

3 for storing and sorting data: Data sorting can be done using spreadsheet. It involves arrangements of data into an order in order to make analysis of the data easier.

SPREADSHEET APPLICATION

1)Microsoft Excel : This is used in data

crunching , it can handle large data sets.

2)LibreOffice : it's applicable in Calc for a free as well as native spreadsheet app.

4) Smartsheet: is useful when handling

task involving non-spreadsheet and can be used for project management.

5)Quip : it's useful for integration of

spreadsheets into shared documents.

HELP ME PLEASE!!!
when is it usually best to choose a variable rate home mortgage?
A. if you plan to stay there many years.
B. if you plan to stay there a short time before moving again.
C. if you plan to rent it out.
D. if you plan to have a large family.

Answers

Answer:

A...............maybe D

In what type of economy do people officials determine the 3 basic economic questions?

Answers

Most likely a Command economy.

Workplace diversity describes differences among workers in any of the following areas:
salary
office space
religion
race
Select all that apply.

Answers

Answer:salary

All

Explanation:

DO you like Anne with an E?​

Answers

Answer:

meh

Explanation:

it's okay. I kind of don't like how they stayed from the book but all the scenes were shot beautifully, and the actors did great. I only watched a few so I cant give more than a "meh" but I do like what I'm seeing so far

Problem 17-1A Comparing costs using ABC with the plantwide overhead rate LO P1, P3, A1, A2

Answers

Answer:

$67.50 per hour

Explanation:

Setup Cost = $312,500

Transportation Cost = $10,000

Direct Labor cost $25,500

Modification of machine cost $12,000

Insurance of Factory Premises $28,000

Raw material Cost $118,250

Machine hours = 7,500 hours

labor hours = 3,500  hours

Total manufacturing Overheads = $506,250 / 7,500 = $67.5 per hours

Pete and Shirley are filing a joint return. They have two dependent children. What is the total amount of their exemptions for tax year 2019? A. $0 B. $4,200 C. $8,400 D. $16,800

Answers

Answer:

A. $0

Explanation:

The Tax Cuts and Jobs Act eliminated personal exemptions starting 2018. It also increased standard deductions though. For example, the standard deduction for married filing jointly for 2019 was $24,400. This is a significant increase if you consider that the standard deduction for married filing jointly in 2017 was $12,700.

Productivity is an important goal for Clearwater Electronics. Like most productive organizations, Clearwater recognizes the contributions human resource management (HRM) can make to improve productivity through people. How can HRM best ensure that the work environment at Clearwater is one in which employees are productive and add value?

Answers

Answer:

HR managers can contribute by providing work organization and design that allow for an increase of output as well as quality

Explanation:

1.2.
State which environment unions are found in.​

Answers

United state maybe cause you said which state ;-;

5. Describe how Chris used networking to his advantage in getting an internship
Witter and signing new clients.

Answers

Answer:

is there more information for this question?

Describe a situation where value at one level of the enterprise may not be seen as valuable at another level

Answers

Answer:

At the Board level of a traditional company, the value delivered by a company's Information technology unit is rarely mentioned or discussed if they are not an IT firm.

This is attributable to the inability of traditional firm-level economic analysis to bring fully to the fore, in a langugage that the Board of governors can understand, the intangible impacts of IT delivers to the overall business value.

The purchase of faster laptops and better productivity tools (for instance) which help to foster collaboration irrespective of time or space will in some way translate to increased bottom line due to increased effectiveness and efficiency might go unaccounted for or unnoticed in a board level report.

However, the sales-manager who brought in more money in sales will most likely get very decent attention from the powers that be.

Cheers

2) On the basis of the calculations you have made, explain which location Saber should
choose.

Answers

Answer:

Explanation:

physical attributesphysical attributesphysical attributesphysical attributesphysical attributesphysical attributesphysical attributesphysical attributesphysical attributes

someone please help !!

i need to fill the blanks in w descriptions from the bank on the right, based of an article. some descriptions also need to be inferred. (dark grey boxes are not to be answered)

https ://www.allbus ines s .com/advantages-and-dis advantages -of-sole-proprietors hips -3-875-1.html

Answers

Answer:

aph development continues with an expression of the rationale or the explanation that the writer gives for how the reader should interpret the information presented in the idea statement or topic sentence of the paragraph. The writer explains his/her thinking about the main topic, idea, or focus of the paragrap

Explanation:

what are vital events?

Answers

Answer:

efers to the live birth, death, foetal death, marriage, divorce, adoption, legitimation, recognition of parenthood, annulment of marriage, or legal separation.

Explanation:


Description
Vital statistics is accumulated data gathered on live births, deaths, migration, fetal deaths, marriages and divorces. The most common way of collecting information on these events is through civil registration, an administrative system used by governments to record vital events which occur in their populations

Place the steps for proper lifting technique in the correct order. --Select-- --Select-- --Select- --Select-- --Select- --Select-​

Answers

Answer:hold up

Explanation:

Prepare a report on environmental sanitation. Include the impacts, causes, and prevention methods​

Answers

Answer and Explanation:

Environmental sanitation is carried out through a series of public investments that seek to promote environmental control in a region. The impacts of this type of sanitation must be positive, since it is through it that a community can present adequate garbage collection, treated water supply, sewage treatment, correct disposal of human waste, cleaning of public roads, basic sanitation, among others . All of this promotes human development, the well-being of the population and environmental preservation.

The causes of environmental sanitation are the need to establish social policies that promote better living conditions and that optimize the health of citizens without degrading the environment.

What are three ways to discover how to involved in your chosen career field

Answers

Answer:

Research industry information. ...

Find out about professional associations. ...

Research career options using LinkedIn.

Which of the following list of factors of production would be considered land?

O Factories, assembly lines, buildings

O Farms, tractors, pesticides

O Iron ore, natural gas, water

O Dams, bridges, oil wells

Answers

Most likely answer is option 1

If the country wants to move from its current point and produce 10 more tons of food, it must produce...

O 5 more tons of clothing

O 5 fewer tons of clothing

10 more tons of clothing

O 10 fewer tons of clothing

Answers

5 fewer tons of clothing

Select all that apply.
Which of these are true of a natural pause following a conversation?
You should begin speaking to avoid awkwardness.
You should not panic.
Take a moment to collect your thoughts before you speak.
Conversations that end with a pause went poorly.

Answers

Answer: all of the above.

Why? Because all of them are important in a conversation!
speaking to avoid awkwardness is good so you won’t end up ruining the conversation without realizing and giving the other person a bad impression about yourself. And not panicking is quite important too, because when you panic and get negative thoughts you’ll realize that it’s keeping you down and making you feel bad or anxious about every single word you say. And lastly collecting your thoughts and putting them in order (few seconds before starting a conversation) can be helpful to most people which will make them feel more confident and prepare especially if the conversation was serious.

Answer:

You should not panic

AND

Take a moment to collect your thoughts before you speak.

Explanation:

Hope this helps!

List of the least five behaviors you feel would be behavior you feel would be considered irresponsible in the workplace. For each behavior listed, provide a detailed example/scenario to detail what makes the behavior either responsible or irresponsible.

Answers

Answer: See Explanation

Explanation:

Some of the behaviors that would be considered irresponsible in the workplace include:

1. Lateness: Every company has its working hours and it is required for the employees to adhere to the working hours and always get to work on time. Lateness is a bad habit in the workplace. For a company to achieve its goals, it's required for its workers to come to their workplace early and perform their duty well.

2. Cyberslackers: This occurs when the employees use the internet that is meant for work related activities to surf the net and browse sites that doesn't relate to their work. For example, a case whereby an employee is checking his or her social media at the workplace.

3. Lying to other employees: It is a bad behavior for an employee to lie or say something that's not true about a person in order to gain an advantage or for other person reasons Lying brings about lack of trust and disunity in the workplace.

4. Having a bad character: In an organization, it is vital for the employees to possess good characters such as being kind, caring, helpful etc. Possessing a bad character will have a negative effect on the company.

5. Theft: Employee theft is also an irresponsible behavior in the workplace. Stealing has a negative effect on the revenue of the company as it reduces the revenue such company makes. Employees should always make sure that they do not falsify information in order to gain a financial advantage or steal company's fund.

How will taxation influence the circular flow model

Answers

Answer:

TMS

Explanation:

Taxes (T) imposed by the government reduced the flow of income.

Money paid to foreign companies for imports (M) also constitutes a leakage.

Savings (S) by businesses that would have been put to use are a decrease in the circular flow of an economy's income.

Devon, a Project Manager is working on a software development project. He needs more coders to complete the project on time. As a result, he hires people and they are given on-the-job training by their coworkers. However, this significantly reduces the output of th team and leads to a delay in the project. The given scenario exemplifies:

Answers

Answer: the mythical man-month effect

Explanation:

The scenario given in the question above signifies the mythical man-month effect.

According to the mythical man-month effect, it explains that when more programmers are added to a particular project, this eventually led to a delay in the project.

Since we are told that Devon needs more coders to complete the project on time and therefore hired more people to complete the project but eventually led to a delay, thus signifies the mythical man-month effect.

Question 2 (1 point)
Kelsi works in a toy manufacturing company assembling small dolls. Her job falls into
the Maintenance, Installation & Repair pathway of the Manufacturing career cluster.

1:) True

2:) False

Answers

True




I guess don’t be mad if I’m wrong

Which of the following explains how revenue is determined?

A. The total amount of money brought in by sales.

B. Gross domestic product is calculated.

C. Costs are subtracted from revenues.

D. The maximum level of benefits is figured.​

Edit: Its not C

Answers

Answer:

A. The total amount of money brought in by sales.

While using a debit card increases the speed and efficiency of business transactions, what effect can this have on a person's money management skills?

Answers

Often, using a debit card doesn’t feel like you are using real money, because it is so simple and efficient. This can cause people to buy more than they have in their checking account, often resulting in overdraft fees and poor budgeting.

The person can set his or her financial goal and this will result in preplanning the funds. This makes the platform an easy target to transact with and more efficient.

What is a financial goal?

A financial goal is an objective or plan for handling money. It is a function of how much money you make, spend, save, or invest. Depending on their need for a financial objective, such as pension planning, a person or individual might define their own financial goals.

The person who is a using debit card or a credit card. This would help the person in maintaining their efficiency and a budget. They can even set a limit through which they can be allowed to transit.

Also, they can use ODIs which is overdraft as well as bills receivable. This would increase their efficiency and money management.

Learn more about financial goal, here:

https://brainly.com/question/28302353

#SPJ2

HELP PLEASE ILL GIVE CROWN!!!!
the percentage you will need to pay in interest on a loan will NOT depend on what factor?
A. your history of paying back loans in the past.
B. your volunteer activities and proof that you are a good person.
C. your overall credit score.
D. the financial choices you have previously made.

Answers

Answer:

B

Explanation:

This has nothing to do with your financial history, while every other option does.

A. Identify a profession b. In not more than 60 words, describe the "art" and "science" of such profession in (a).

Answers

Answer:

Comedy as a Profession is a great example.

Explanation:

The science of it is related to the psychology of what makes people laugh.

If studied, one would realize that there are certain things that are bound to make people laugh (all things being equal). An example is when a person makes fun of themself to an audience.

To explain this, scientists have stated that it is inherent in humans to laugh at the misfortune of others. However, this is just a theory and does not explain why we laugh at other kinds of comedy.

A plausible explanation (which is more recent in the parlance of psychology) is that people also laugh when certain expectations are defied in a very witty manner.

As a professional stand-up comedian, knowing all the rules and tricks is just one part of the coin. Being able to, either by practice or repeated efforts during practice, internalize these principles, practice them and effectively use them is the artistic part of the picture.

There those who are gifted naturally with a principle thought process that elicits laughter from others, would be termed hilarious. However, to make a living out of comedy, one would need to fully understand the principles and practice to deliver them as naturally as possible.

Another paradigm to the art of comedy is that, it has to be very witty. Wit many times may come with an element of suprise... a new angle that was previously "unthought" of.

Cheers!

FINISH THIS SENTANCE
There was this blind man, right? He Was feeling his way down the street with this stick,

Answers

when he runs into a old dog who so happens to be a dog that guides blind people.

Which economic system is based on an idea of equality of result; that regardless of how well off somebody starts, all
should be guaranteed an equal success?
O A. Traditional
B. Command
OC. Mixed
D. Market

Answers

B. Command

What your describing sounds a lot like communism which would be found under a command economic system

Answer:

D.Market

Explanation:

A market economy conforms to formal equality of opportunity only if jobs offered by business firms are publicized in advance, so that anyone who might want to apply has a reasonable opportunity to do so.

Other Questions
Find the slope of the line passing through the points (-7, 4) & (-7, -8) As you read this passage, think about how to describe its tone.New research identifies cracks over the moon's crust that may have been created by the cooling and shrinking over the past billion or so years. Scientists have discovered landforms littered across the moon's surface called lobate scarps that have apparently resulted from the moon's shrinking very slowly. These scarps were found all over the moon and appear to be minimally weathered, indicating that the geologic events that created them were fairly recent. This theory contradicts the claim that the moon is completely devoid of geologic activity.What word best describes the tone of the passage?simplepersonalcasualformal in the story the tin soldier, how does the tin soldier find his way back into the house after the goblin throws him out of the window? Cells in both plants and animals use ______ to create energy, carbon dioxide, and water, when breaking down glucose in the presences of oxygen.A. Photosynthesis B. ATPC. Cellular Respiration D. Fermentation WILL MARK BRAINLIESTWhich value of x makes x-3/4 + 2/3 = 17/12 true? Work out, giving your answer in its simplest form:4/7 divided by 2 1 / 3 Calculate the amount of work done if you use a 150N force to push a 50kg box 5m across the kitchen floor. 2. Alexander the great who is he what did he acomplish In two paragraphs, please respond:1) Your general reaction in relation to the theory of Observational Learning.2) Share something you've had to "unlearn" or revise after you got distance from the environment from which were raised. it's is estimated that each guest at the party will eat 5/8 pounds of chocolate.How. many guest can be served with 10 pounds of chocolate? Explain how to write and evaluate an algebraic expression.one more than the product of a number and seven, decreased by five; evaluate when n = 6(PS, I'm giving brainliest and its worth 30 points) 8x=63-x what is the solution? what iis the answer to this question 1/5x40 3. Corrija las siguientes frases:1. Las margaritas es unas flores blanca.2. No me gusta los dulces, prefiero la comida salada.3. La gente hablan demasiado.4. En mis ratos libres juego tenis.5. Prefiero llego siempre pronto a los sitios.6. Maana por la maana vamos ir a la playa.7. Hoy es mucho calor, prefiero el frio. find the value and add them togetherHuey is reading a book that is 697 pages long.He tells a friend that he is about 3/4 of the way done.About how many more pages must Huey read before he finishes the book? Sean determines that the triangle shown in the diagram has angle measures of 40, 40, and 100. Is Sean correct? Write a system of linear inequalities so the points,(1,2) and (4,-3) are solutions of the system, but the point (-2,8) is not a solution of the system. The square table top has an area of 369 squareinches. The length of one side of the table top isbetween which two measurements? PLEASE HELP 50 POINTS Which terms can be combined in the expression below? Select three options.StartFraction 5 over 6 EndFraction a minus 2 b minus 16.3 + StartFraction b over 12 EndFraction + c minus 0.9 bStartFraction 5 over 6 EndFraction a2b16.3StartFraction b over 12 EndFraction0.9b 1. What are the different properties of light that apply to the image formation ofoptical devices such as mirrors and lenses?