Consider the Net Tax Rate,denoted by T

Multiple Choice

Consider the net tax rate,denoted by t.Which of the following correctly defines the net tax rate?

A) It is total tax revenue minus transfer payments.
B) It is the sum of the federal income tax rate plus an average of provincial income tax rates.
C) It is the increase in net tax revenue when national income rises by one dollar.
D) It is the sum of all government tax revenues.
E) Both A and C are correct.