The marginal tax rate shows
A) the percentage of income which a typical family pays in tax.
B) the average rate of taxation in the economy.
C) the deductions which are permitted for child care and medical expenses.
D) the extra tax due on an extra dollar of income.
Answer: D
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When computing percentage changes, using the simple approach results in increases and decreases which are
A) identical. B) symmetric. C) more accurate than using the midpoint method. D) not symmetric.
Which of the following is MOST accurate about the early years of the Great Depression?
a. The price that farmers paid for farming inputs dropped, but the price they received for the products they sold dropped even more. b. The price that farmers paid for farming inputs increased, forcing more farmers into debt. c. The debt of farmers decreased. d. The price that farmers received for the products they sold increased.