The marginal tax rate can be calculated by which of the following formulas?
A) the change in taxes due divided by the change in taxable income
B) the change in taxable income divided by the change in taxes due
C) total taxes due divided by total taxable income
D) total taxable income divided by total taxes due
A
You might also like to view...
By saying that the equation of exchange is an accounting identity, we mean that
A) it is useful for accountants, but not for economists. B) it identifies the key national income accounts. C) it is always true. D) it explains the effect of questionable accounting practices on macroeconomic performance.
Many auction markets
a. are perfectly competitive because they involve an identical or nearly identical commodity, many buyers, and because the seller has no influence over the price b. are monopolistic because there is only one seller c. exist only on the Internet, because of the difficulty of assembling all buyers in a single location d. are controlled and run by governments e. involve numerous firms, none of which is large enough to influence the market price