Multiple Choice
In a progressive tax system,if a person moves from one income bracket to a higher income bracket:
A) both the marginal tax rate and average tax rate will be higher.
B) both the marginal tax rate and average tax rate will be lower.
C) the marginal tax rate will be lower and the average tax rate will be higher.
D) the marginal tax rate will be higher and the average tax rate will be lower.
Correct Answer:
Verified
Correct Answer:
Verified
Q51: If country A has mostly rich people
Q52: Originally the alternative minimum tax was supposed
Q53: Since the mid-1950s,federal government taxation has been
Q54: What kinds of tax deductions are described
Q55: An increase in the capital gains tax
Q57: The income tax exemption for each individual
Q58: In the beginning of 2007,the interest rate
Q59: If tax rates are 10% on income
Q60: Suppose the tax rate on the first
Q61: The marginal tax rate is the tax