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Income distribution and welfare

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Question 6

The table below shows the annual income tax paid by an individual at different levels of gross annual income.

Annual income (£)Income tax paid (£)
15,0001,200
28,0003,800
40,0006,800
55,00011,300

What is the marginal tax rate for an individual whose gross annual income increases from £28,000 to £40,000?

17%17\%17%

20%20\%20%

25%25\%25%

30%30\%30%

Income distribution and welfare Questions

  1. A Level
  2. /Economics
  3. /Income distribution and welfare