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2.5 Fiscal policy and supply-side policies

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Question 49

Extract A: Income Tax Bands and Rates in Veridonia

Taxable incomeIncome tax rates 2019/20Income tax rates 2023/24
from £0 to £15,00010%8%
from £15,001 to £40,00022%18%
from £40,001 to £80,00032%28%
£80,001 and over42%38%

Using the data in Extract A, calculate the income tax payable in 2023/24 for an individual in Veridonia earning £32,000 of taxable income, and identify one significant feature of the tax rates between 2019/20 and 2023/24.

[5]
Markscheme

2.5 Fiscal policy and supply-side policies Questions

  1. A Level
  2. /Economics
  3. /2.5 Fiscal policy and supply-side policies

245 exam-style questions on AQA A Level Economics 2.5 Fiscal policy and supply-side policies, covering 2.5.1 Fiscal policy and 2.5.2 Supply-side policies. Each one has a worked solution and a mark scheme showing where the marks go.

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