Suppose Governor Meridias decides to initiate a state-level income tax.The first $50,000 of household income is tax-free, while any income above $50,000 is taxed at 10%.The marginal tax rate for a household earning $75,000 is:
A.greater than its average tax rate.
B.less than its average tax rate.
C.equal to its average tax rate.
D.3.3%.

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The Answer of Suppose Governor Meridias decides to initiate a state-level income tax.The first $50,000 of household income is tax-free, while any income above $50,000 is taxed at 10%.The marginal tax rate for a household earning $75,000 is:
A.greater than its average tax rate.
B.less than its average tax rate.
C.equal to its average tax rate.
D.3.3%.

Suppose Governor Meridias Decides to Initiate a State-Level Income Tax