Suppose that Justin Trudeau decides to initiate a revision of the federal income tax structure.Under the new plan,the first $50 000 of household income is tax-free,while any income above $50 000 is taxed at 10%.A household earning $50 000 has a marginal tax rate of _____% and a tax rate of _____%.
A) 10;10
B) 10;0
C) 0;0
D) 0;10
Correct Answer:
Verified
Q142: A _ tax takes a larger share
Q143: _ taxes are paid on the purchase
Q144: A tax of $15 on an income
Q146: Paying a tax of $20 on an
Q147: _ taxes are paid on wages.
A)Income
B)Profits
C)Property
D)Sales
Q149: The government imposes a tax of $1,000
Q152: Annual _ taxes are paid on the
Q157: A tax that takes a _ is
Q158: Suppose that Justin Trudeau decides to initiate
Q160: A tax of $10 on an income
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