A marginal tax rate is calculated as
A) change in taxes paid ÷ the change in total taxable income.
B) change in taxable income ÷ change in taxes paid.
C) taxes paid ÷ total taxable income.
D) total taxable income ÷ by taxes paid.
A
Economics
You might also like to view...
If a good is produced using inputs for which there are no substitutes, the good's
A) elasticity of supply is likely to be small. B) elasticity of supply is likely to be large. C) elasticity of demand will be small. D) elasticity of demand will be large.
Economics
Who is best known for arguing about the long and variable lags of monetary policy?
A) Friedman B) Keynes C) Phillips D) Greenspan E) Bernanke
Economics