Multiple Choice
If Gordon's average tax rate is 10 percent when he earns $100 and his average tax rate is 10.25 percent when he earns $101, then
A) his marginal tax rate is 0.25 percent.
B) his marginal tax rate is 35.25 percent.
C) his marginal tax rate is 25.25 percent.
D) his marginal tax rate is 25 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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