Economics 9708 · AS & A Level · Maximum and minimum prices

Maximum and minimum prices — practice question

The table presents the tax that a person would pay at different income levels. What is the average rate of taxation and the marginal rate of taxation for a person with an annual income of $50 000?

  • A15%; 16%
  • B16%; 20%
  • C16%; 28%
  • D20%; 20%

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