The table below shows the annual income tax brackets in an economy for the fiscal year 2025:
| Taxable Income | Tax Rate |
|---|---|
| Z0 – Z20,000 | 5% |
| Z20,001 – Z50,000 | 15% |
| Z50,001 – Z90,000 | 25% |
| Z90,001 – Z150,000 | 40% |
| Over Z150,000 | 50% |
What is the average tax rate for an individual who earns a total taxable income of Z100,000?
18.50%18.50\%18.50%
19.50%19.50\%19.50%
21.25%21.25\%21.25%
40.00%40.00\%40.00%
37 exam-style questions on OCR A Level Economics Income distribution and welfare. Each one has a worked solution and a mark scheme showing where the marks go.