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- Subject
- Income Inequalityeconomics-mcqs › income-inequality
- Published
- 1 Jun 2019
- Last updated
- 28 May 2026
Explanation
The marginal tax rate refers to the percentage of tax charged on any additional income you receive. It differs from the average tax rate, which is calculated by dividing total tax paid by total income.
More Income Inequality MCQs
Practice related questions from the same subject.
- 1.Which of the following best describes the Benazir Benefit Income Scheme?
- 2.Which category of tax does VAT best represent?
- 3.When a tax can be transferred, what determines the actual burden of the tax?
- 4.What does tax incidence refer to?
- 5.What does a progressive income tax system imply about the tax rate for individuals with higher earnings?
- 6.What principle does vertical equity represent in taxation?
- 7.What does a Gini coefficient of zero indicate?
- 8.How does the supply of land for a specific purpose typically behave?
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