Which of the following statements about state income taxes is correct?
a. Some states do not tax income at all.
b. If states tax income, they must follow federal guidelines for designing the tax structure.
c. States are not allowed to have a higher marginal tax rate than the federal marginal tax rate.
d. All of the above are correct.
a
Economics
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A price below the equilibrium price results in
A) a surplus. B) a shortage. C) excess supply. D) a further price fall.
Economics
We say that the economy is at full employment if the unemployment rate is equal to
A) zero. B) the natural rate of unemployment. C) the amount of cyclical unemployment. D) the sum of frictional and cyclical unemployment. E) the sum of structural and cyclical unemployment.
Economics