Order the answer to: Any income tax schedule embodies two types of tax rates:

Assignment Help business-economics Order the answer to: Any income tax schedule embodies two types of tax rates:

business-economics

Order the answer to: Any income tax schedule embodies two types of tax rates:

Question b. The marginal tax rate is defined as the extra taxes paid on additional income divided by the increase in income. Calculate the marginal tax rate for the proportional tax system as income rises from $50,000 to $100,000. Calculate the marginal tax rate as income rises from $100,000 to $200,000. Calculate the corresponding marginal tax rates for the regressive and progressive tax systems. c. Describe the relationship between average tax rates and marginal tax rates for each of these three systems. In general, which rate is relevant for someone deciding whether to accept a job that pays slightly more than her current job? Which rate is relevant for judging the vertical equity of a taxsystem?
Subject business-economics
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