Imagine there is no tax on income up to Rs 1000 after that there is a tax of 505 what is the average tax rate on an income of Rs 20,000 ?

Related Mcqs:

The idea that the money supply should change to accommodate changes in aggregate demand is associated with the idea of ?

A. Margaret Thatcher B. Ronald Reagan C. Milton Friedman D. John Maynard Keynes...

If the state Bank of Pakistan wished to pursue an expansionary monetary policy it would ?

A. increase the minimum reserve asset ratio. B. buy government securities on the open market C. raise interest rates D. sell government securities on the open market...

Fiscal drag occurs when ?

A. Tax bands do not increase with inflation B. Tax rates move inversely with inflation C. Government spending falls to reduce aggregate demand D. Tax banks increase with inflation...

A reflationary (expansionist) fiscal policy could include ?

A. Lower interest rates B. Increased lending by the banks C. An increase in corporation tax D. An increase in discretionary government spending...

If the marginal rate of tax is 40% and consumers income increase from Rs10,000 to Rs12,000 ?

A. The amount of tax paid will increase by Rs4,800 B. The amount of tax paid will increase by Rs4,000 C. The amount of tax paid will increase by Rs 800 D. The total tax paid will be Rs4,800...