What is average and marginal tax rate?

Let’s learn what is average and marginal tax rate. The most accurate or helpful solution is served by Yahoo! Answers.

There are ten answers to this question.

Best solution

What is the Difference Between Marginal Tax Rate and Average Tax Rate?

Assume that apples are priced at $1 each, and each person can buy at most 5,000 apples. The government has devised the follow tax plans: PLAN A: Consumption up to 1,000 apples is taxed at 5%. Consumption higher than 1,000 apples is taxed at 20% PLAN B: Consumption up to 2,000 apples is taxed at 30%. Consumption higher than 2,000 apples is taxed at 10%. Under Plan A, what is the Marginal and Average Tax Rate with consumption level 500 apples, 1,500 apples, and 2,500 apples? Do the same for Plan B...

Answer:

The difference between marginal and average tax rates is a fairly important concept for all tax payers...

Read more

kevincaz... at Yahoo! Answers Mark as irrelevant Undo

Other solutions

What is the Difference Between Marginal Tax Rate and Average Tax Rate?

Assume that apples are priced at $1 each, and each person can buy at most 5,000 apples. The government has devised the follow tax plans: PLAN A: Consumption up to 1,000 apples is taxed at 5%. Consumption higher than 1,000 apples is taxed at 20% PLAN...

Answer:

Marginal is the tax rate on the next apple. Average is the tax rate on all apples so far.

Read more

kevincaz... at Yahoo! Answers Mark as irrelevant Undo

Answer:

Marginal tax rate is the rate paid on the highest dollar. To get the average rate, calculate the total...

Read more

Dreamie at Yahoo! Answers Mark as irrelevant Undo

What is the average tax rate for people in Canada? Also, what is the average tax rate for rich people?

By average tax rate, I mean all the taxes in the end. Not just income tax. Thanks.

Answer:

Provincial taxes range from 8 to 20% in Quebec for 2nd tier taxation. There are all kinds of other taxes...

Read more

Theoretic Chaos at Yahoo! Answers Mark as irrelevant Undo

In canada does everyone pay average tax rate and marginal tax rate?

Does everybody have to pay both tax rates or only one of them? So basically if you make $50,000 a year in Ontario how much money would you lose to these taxes?

Answer:

You need to understand the difference between the two terms. Average tax rate is just that -- the rate...

Read more

Fred S at Yahoo! Answers Mark as irrelevant Undo

Answer:

I have just started taking finance class in college. I found the formula to this equation on wikipedia...

Read more

wiki.answers.com Mark as irrelevant Undo

Answer:

Average is the total amount of tax divided by the total amount of income...it therefore includes all...

Read more

community wiki at wiki.answers.com Mark as irrelevant Undo

Answer:

Marginal is what is paid on the last dollars earned, average is the actual tax on the whole income....

Read more

DK at Yahoo! Answers Mark as irrelevant Undo

What Is the difference between average tax rate and marginal tax rate?

really need help, please put it in understandable words hahaha

Answer:

If you are in say a 25% tax bracket, that does not mean all income is taxed at 25%. Rather, just that...

Read more

7JK7QXV7S6EMGDNRPDVD6C6MXI at Yahoo! Answers Mark as irrelevant Undo

Why do U.S. corporations face a peak marginal corporate tax rate of 40% when the global average is 23.6%? Is this fair? Should it change?

The Highest Corporate Tax Rates in the World What drives the thinking of those who support this policy? Is that thinking sound? Does it make sense for the tax code to have a lot of loopholes or should there be fewer loopholes and a lower rate?

Answer:

Because the U.S. Congress is filled with rapacious economic idiots who do not recognize Tax Competition...

Read more

Erik Fair at Quora Mark as irrelevant Undo

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.