The marginal tax rate is equal to :the change in the tax payment divided by the change in income. the average tax payment divided by the total tax payment. the percent of total income that goes to taxes. the total tax payment divided by total income.
The marginal tax rate is equal to :the change in the tax payment divided by the change in income. the average tax payment divided by the total tax payment. the percent of total income that goes to taxes. the total tax payment divided by total income.
Chapter12: The Public Sector
Section: Chapter Questions
Problem 8SQ
Related questions
Question
The marginal tax rate is equal to
:the change in the tax payment divided by the change in income.
the average tax payment divided by the total tax payment.
the percent of total income that goes to taxes.
the total tax payment divided by total income.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning