Chapter 6 Paying Taxes Vocabulary Check Form
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People also ask
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Who ultimately pays the tax does not depend on who writes the check?
Explanation: Among the statements provided regarding taxation, the true one is that who ultimately pays the tax does not depend on who writes the check to the government. This concept is known as tax incidence, which teaches us how the burden of a tax is shared among consumers and producers.
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What is found by multiplying an hourly pay rate by the number of hours worked?
Usually, wages are computed by multiplying an hourly pay rate by the number of hours worked.
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What does multiplying a worker's hourly wage amount by the number of hours worked in a pay period?
To calculate gross pay for hourly workers, multiply the hourly rate by the hours worked during a pay period. For example, a part-time employee who works 35 hours at $12 per hour will have a gross pay of $420.
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When Robin multiplied her hourly wage by the number of hours she worked she would be able to figure her?
Expert-Verified Answer Money collected by the government for the purpose of operating the government is called a tax. If Robin multiplied her hourly wage by the number of hours she worked, she would be able to figure her gross pay.
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