Gary earned a gross pay of $1,047.30 last week. using the fact that social security tax is 6.2% of gross pay, determine the amount of social security tax deducted from gary’s gross pay. a. $6.49 b. $8.38 c. $64.93 d. $83.78

Which of the following is correct? a. a tax burden falls more heavily on the side of the market that is more elastic.b. a tax burden falls more heavily on the side of the market that is less elastic.c. a tax burden falls more heavily on the side of the market that is closer to unit elastic.d. a tax burden is distributed independently of the relative elasticities of supply and demand.