If you pay $3,000 in taxes on an income of $28,000, and $4,450 in taxes on an income of $38,000, what is your marginal tax rate? Show your work
What will be an ideal response?
Marginal tax rate = ($4,450 - $3,000 )/($38,000 - $28,000 ) = 0.145 or 14.5 percent.
Economics
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The exchange rate converts
a. one currency value to another b. labor units to output units c. miles to kilometers d. physical capital units to human capital units e. none of the above
Economics
Which of the following do economists consider to be capital?
A. a pair of stockings B. a share of IBM stock C. a construction crane D. a savings account
Economics