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Fiscal policy

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Question 7

An individual earns £48,000 in a year. The tax-free personal allowance is £12,000, and any income earned above this threshold is taxed at a single marginal rate of 30%.

What is the average tax rate paid by this individual?

A

7.50%7.50\%7.50%

B

22.50%22.50\%22.50%

C

30.00%30.00\%30.00%

D

40.00%40.00\%40.00%

Markscheme

Fiscal policy Questions

  1. A Level
  2. /Economics
  3. /Fiscal policy

68 exam-style questions on OCR A Level Economics Fiscal policy. Each one has a worked solution and a mark scheme showing where the marks go.

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