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Fiscal policy

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Question 32

An individual earns £25,000 in a year. The tax-free personal allowance is £10,000, and any income earned above this threshold is taxed at a single marginal rate of 20%.

What is the average tax rate paid by this individual?

8.00%

12.00%

20.00%

60.00%

Fiscal policy Questions

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