Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

If the income tax rate changes from 30% to 40% on income over Rs30,000 and a person’s income is Rs 31,000 then her marginal tax rate is ?

/ Aggregate Supply, Economics Mcqs, Unemployment And Inflation / By
If the income tax rate changes from 30% to 40% on income over Rs30,000 and a person’s income is Rs 31,000 then her marginal tax rate is ?

A. 30%
B. 10%
C. 70%
D. 40%