This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the difference between marginal and average tax rates? Under what marginal and average tax ... (Read 64 times)

waynest

  • Hero Member
  • *****
  • Posts: 553
on: Jul 1, 2018
What is the difference between marginal and average tax rates? Under what marginal and average tax rate conditions would an income tax be progressive?
 
  What will be an ideal response?

Question 2

A bureau's total output is decided at the same time as its budget just as in the private sector.
 
  a. True b. False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mathjasmine

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Jul 1, 2018
Answer to Question 1

Marginal tax rates are the percentage of any additional income that will have to be paid in tax while average tax rates are the total amount of tax divided by income. If marginal tax rates are higher than average tax rates, the income tax is progressive.

Answer to Question 2

b


waynest

  • Member
  • Posts: 553
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

anyusername12131

  • Member
  • Posts: 327
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Rates of Childhood Overweight and Obesity Worldwide The highest rates occur in the most affluent re Rates of Childhood Overweight and Obesity Worldwide The highest rates occur in the most affluent re
Change in air temperature at various air flow rates for a 4 pass operation Change in air temperature at various air flow rates for a 4 pass operation
How to find the average value of a function How to find the average value of a function
Marginal Products of Physical and Human Capital Marginal Products of Physical and Human Capital
E9-23 Prepare income statements Explain the difference in operating income E9-23 Prepare income statements Explain the difference in operating income
Average quarterly presidential approval rating, from Eisenhower to Trump Average quarterly presidential approval rating, from Eisenhower to Trump
Video: Fetal development - Weeks 9 to 38

For a complete list of videos, visit our video library