Subtitle Subtle Em.. Emphasis Inter Styles Problem 6: The U.S. Senate is considering a bill that would tax the sale of laptop computers in order to fund a computer education program for presidential hopefuls. The Congressional Budget Office (CBO) estimates that if it implements a low tax of $12 per laptop, revenue should be sufficient to exactly fund the program. The CBO also estimates that a high tax of $230 per laptop will exactly fund the program. a) How can a low tax and a high tax raise exactly enough money to fund the program? Illustrate your answer using a graph. b) Suppose that you are an economic advisor to the Senate Finance Committee, tasked with analyzing the economic impact of the tax proposals. Which proposal do you recommend, and why? () Would your answer to b) change if recent research found that laptop computers are environ- mentally harmful (battery). H Guzem EMELCheney is a controlled foreign corporation with total foreign earnings of $4 million, of which $1.3 million is considered subpart F income. Cheney owns tangible business property with an adjusted tax basis of $6 million. Compute Cheney's global intangible low-taxed income. Multiple Choice $2.7 million O $0 O $2.1 million O $ millionQuestion 12 All of the following are examples of command and control regulation, EXCEPT: ( which one is NOT a command and control regulation ?) Make it illegal for companies to pollute the water O Giving companies severe fines for polluting the water O placing Taxes on greenhouse gas emission, low emissions get low tax high tax for high emissions but no limit on emissions Having punishment for waste being improperly disposed of A Moving to another question will save thi