Multiple Choice
Which of the following statements is correct?
A) The average tax rate gauges the sacrifice made by a taxpayer, whereas the marginal tax rate gauges the distortion of taxes on consumer decisions.
B) The marginal tax rate gauges the sacrifice made by a taxpayer, whereas the average tax rate gauges the distortion of taxes on consumer decisions.
C) The average tax rate measures how much the tax system discourages people from working.
D) The marginal tax rate measures total taxes paid divided by total income.
Correct Answer:
Verified
Correct Answer:
Verified
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