The marginal tax rate is:
A) total taxes divided by total before-tax income.
B) the average tax rate divided by the total tax rate.
C) the amount by which taxes increase when before-tax income rises by one dollar.
D) the tax rate at which the benefit of an extra dollar of taxes equals the cost of an extra dollar of taxes.
Correct Answer:
Verified
Q37: If the rate of inflation equals zero,
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Q39: Central banks that practice flexible inflation targeting
Q40: Which of the following policies is likely
Q41: The amount taxes increase when before-tax income
Q43: An inflation dove is someone who:
A)easily anchors
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Q45: A supply-side policy is a policy that:
A)shifts
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Q47: By changing incentives, reductions in marginal tax
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