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Implementing policy

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Question 45

An individual earns £90,000 in a fiscal year. Under a simplified regional income tax scheme, the tax-free personal allowance is £18,000, 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?

6.00%6.00\%6.00%

10.00%10.00\%10.00%

24.00%24.00\%24.00%

30.00%30.00\%30.00%

Implementing policy Questions

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