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.
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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...
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Other solutions
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.
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...
Dreamie at Yahoo! Answers Mark as irrelevant Undo
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...
Theoretic Chaos at Yahoo! Answers Mark as irrelevant Undo
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...
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Answer:
I have just started taking finance class in college. I found the formula to this equation on wikipedia...
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Answer:
Average is the total amount of tax divided by the total amount of income...it therefore includes all...
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Answer:
Marginal is what is paid on the last dollars earned, average is the actual tax on the whole income....
DK at Yahoo! Answers Mark as irrelevant Undo
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...
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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...
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