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Income distribution and welfare

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Question 10

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

Annual income ($)Tax paid ($)
20 00020\,000200001 5001\,5001500
30 00030\,000300003 0003\,0003000
45 00045\,000450005 2505\,2505250
60 00060\,000600008 2508\,2508250

What is the marginal tax rate for an individual whose annual income increases from 30 000 30\,000\,30000 to 45 00045\,00045000?

10%10\%10%

12%12\%12%

15%15\%15%

18%18\%18%

Income distribution and welfare Questions

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