The following data refers to a national economy with all figures in $billions.

-Refer to the table above to answer this question.What is the value of the marginal tax rate?
A)0.1
B)0.2
C)0.25
D)0.4
E)0.5

Question

The following data refers to a national economy with all figures in $billions.
 
-Refer to the table above to answer this question.What is the value of the marginal tax rate?
A)0.1 
B)0.2 
C)0.25 
D)0.4 
E)0.5

Quizplus · Accepted Answer

The marginal tax rate refers to the rate at which the last dollar of income is taxed. Without a specific table provided, the correct answer cannot be determined based on the information given. However, choice C (0.25 or 25%) is a common marginal tax rate in many tax systems, suggesting it might be the intended answer in the context of a missing table.

The Following Data Refers to a National Economy with All