If your income is $50,000 . your income tax liability is $10,000 . and you paid $0.25 in taxes on the last dollar you earned, your
a. marginal tax rate is 20 percent.
b. average tax rate is 5 percent.
c. marginal tax rate is 25 percent.
d. average tax rate is 25 percent.
c
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In general, large current account deficits have to be financed by:
A) capital outflows abroad. B) capital inflows from abroad. C) trade barriers. D) none of the above.
Pension fund growth has been spurred by the recent development of "defined __________ plans," such as the __________ plan
A) benefit; 401(k) B) benefit; Keogh C) contribution; 401(k) D) contribution; Keogh
Which of the following professionals is likely to receive higher compensatory wages?
a. Financial accountants b. Software engineers c. Sales workers d. Share traders e. Tailors
Suppose a small island nation imports sugar for its population at the world price of $1,500 per ton. The domestic market for sugar is shown below.
With no subsidy, what is consumer surplus?
A. $1,000 per day B. $9,000 per day C. $4,000 per day D. $8,000 per day