If your income is $40,000 and your income tax liability is $5,000 . your
a. marginal tax rate is 8 percent.
b. average tax rate is 8 percent.
c. marginal tax rate is 12.5 percent.
d. average tax rate is 12.5 percent.
d
Economics
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Refer to Table 21.2. The bottom 20 percent of earners took home ________ of all income earned in Mysteria
A) 5% B) 8.33% C) 10% D) 29.4%
Economics
The reduction in consumer and producer surplus that results from underproduction is called
A) an internal cost. B) a deadweight loss. C) a quantity loss. D) None of the above answers is correct.
Economics
Demonstrate how a permanent fiscal expansion will not increase output in the long run
What will be an ideal response?
Economics
An oligopoly is a market: a. dominated by a few buyers. b. dominated by one buyer
c. dominated by a few sellers. d. with many sellers.
Economics