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Author Question: What is the difference between marginal and average tax rates? Under what marginal and average tax ... (Read 75 times)

waynest

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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


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mathjasmine

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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

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Reply 2 on: Jul 1, 2018
:D TYSM

EAN94

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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