4194EconomicsMedium
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?
A10%
B70%
C40%
D30%
Correct answer
C. 40%
Explanation
The correct answer is 40%.
Correct answer
C. 40%
Explanation
The correct answer is 40%.
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