Compare and contrast the marginal and average tax rates
What will be an ideal response?
The average tax rate is the total amount of tax you pay divided by total income. The marginal tax rate is the tax rate you pay on any additional income earned.
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When players cannot achieve their goals because they are unable to make credible threats or promises, the situation is called a:
A. failure of dominant strategies. B. commitment problem. C. Nash equilibrium. D. prisoner's dilemma.
The various ways that vertical relationships can evade regulation include
a. tying the sale of a regulated good to a customer's choice of an unregulated good b. bundling regulated and unregulated goods c. preventing the exclusion of rival unregulated goods d. insuring tax rates are uniform across jurisdictions
Suppose you observed that at the same time employment increased, wages fell. Which of the following is a possible explanation for this observation?
a. An increase in labor demand b. A decrease in labor demand c. An increase in labor demand that was outpaced by an increase in labor supply d. A decrease in labor supply e. Cannot be determined from the available information
Technological change was a major contributor to the productivity speed-up from 1995-2000
a. True b. False Indicate whether the statement is true or false