Figure 8-17 the Vertical Distance Between Points a and B Represents the Represents

question 4

Multiple Choice

Figure 8-17
The vertical distance between points A and B represents the original tax.

-Refer to Figure 8-17.The original tax can be represented by the vertical distance AB.Suppose the government is deciding whether to lower the tax to CD or raise it to FG.Which of the following statements is not correct?

• A) Compared to the original tax, the larger tax will increase tax revenue.
• B) Compared to the original tax, the smaller tax will decrease deadweight loss.
• C) Compared to the original tax, the smaller tax will decrease tax revenue.
• D) Compared to the original tax, the larger tax will increase deadweight loss.

Comprehend the stages of the transtheoretical model and their application to health behaviors.

Recognize the health risks associated with excessive fat and specific dieting patterns.

Appreciate the role of aerobic exercise and physical activity in reducing health risks.

Identify strategies and components of successful behavior change and maintenance.

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Definitions:

Form 941

A quarterly federal tax form filed by employers to report income taxes, social security tax, or Medicare tax withheld from employees' paychecks.

Form 940

A tax form filed by employers with the IRS to report annual Federal Unemployment Tax Act (FUTA) tax.

Employer's Payroll Tax Expense

Taxes that an employer is responsible for paying on behalf of its employees, such as social security and Medicare taxes.

General Journal Entry

A record in the general journal that documents a business transaction, including the accounts affected and the debit and credit amounts.