The table below shows the marginal income tax rates in an economy.
Table: Marginal income tax rates for every £1 of income
| Taxable Income | Income tax rates |
|---|---|
| Up to £15,000 | 0% |
| From £15,001 to £40,000 | 20% |
| From £40,001 to £80,000 | 35% |
| £80,001 and above | 45% |
How much income tax would be payable by an individual earning £65,000?
£10,000
£13,750
£16,750
£22,750
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.