Question: SECTION-B NSWER ANY TWO QUESTIONS AT 3 MARK EACH. (2 x 3-6 Marks) 13. Mr Ali earns $55000 as a normal employee, and he

SECTION-B NSWER ANY TWO QUESTIONS AT 3 MARK EACH. (2 x 3-6

SECTION-B NSWER ANY TWO QUESTIONS AT 3 MARK EACH. (2 x 3-6 Marks) 13. Mr Ali earns $55000 as a normal employee, and he is liable to pay 15% of tax out of his salary. If the tax rate increase to 20%, then what will be the additional tax revenue to the Government? If the salary of Mr Ali revised to $ 65000, then what will be the additional tax revenue to the Government? a. b. Calculate tax revenue using static and income effect utoration purpose and calculate the tax liability. Their tarable

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