Microeconomics help (tax incidence)?
http://i.imgur.com/CPZog.png
The problem is above. I'm not sure how to start this problem exactly. Not looking for just a number answer, looking for someone to take me through the steps of solving it....thanks!!
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You enter 50 and 50 there because since both pay the same amount towards FICA ....their contribution is 50% each to the tax paid.