When income is $15,000, the amount of income income taxes owed is $2,000; when income increases to $20,000, the amount owed increases to $3,000. The marginal tax rate in this case is
A) 20 percent.
B) 13.3 percent.
C) 15 percent.
D) 25 percent.
Answer: A
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Therefore we should restrict international trade as it only benefits other countries at the expense of the United States." Comment on this statement.
An external cost is:
A. the cost of a warehouse. B. a cost of production in some other market. C. the economic harm that a positive externality imposes on others. D. the economic harm that a negative externality imposes on others.
If a country had a real GDP of $500 million, and the GDP Ddeflator was 90, what is the nominal GDP?
a. $440 million b. $540 million c. $450 million d. $550 billion
A legislated tax on polluters based on the units of pollutant emitted
What will be an ideal response?