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2.5 Fiscal policy and supply-side policies

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Question 53

The table below shows the marginal income tax rates in an economy.

Marginal income tax rates for every £1 of income

Taxable IncomeIncome tax rates
Up to £12 0000%
From £12 001 to £32 00015%
From £32 001 to £62 00025%
£62 001 and above40%

How much income tax would be payable by an individual earning £45 000?

A

£6 250

B

£8 250

C

£11 250

D

£14 250

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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