Let the potential income be 14,000$, the actual income be 13,800$, and the tax rate = 25%.

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Let the potential income be 14,000$, the actual income be 13,800$, and the tax rate = 25%. If the actual deficit is 250$, determine the structural deficit and the passive deficit. Be sure to SHOW YOUR WORK.

Posted Date: Dec 05, 2021 01:26 AM

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Let the potential income be 14,000$, the actual income be 13,800$, and the tax rate = 25%.

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Expert Answer:

Step 1 Given information Potential Income3D14000 Actual income313800 Actu... View the full answer

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