Multiple Choice
If Hermione pays $10.00 in taxes on $100 of income and $10.25 on $101 of income, which of the following is not true?
A) Her marginal tax rate at $100 is 25 percent.
B) Her average tax rate at $100 is 10 percent.
C) She faces a progressive tax.
D) Her marginal tax rate at $100 is 10.25 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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