When average tax rate (ATR) = 1/3, Marginal rate of tax (MRT)=1/5, what type of tax is it?
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JNU SSS 2021 Question 27: Taxation: incidence and efficiency
Answer and worked solution
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Taxation: incidence and efficiency has come up 79 times in 7 exams since 2009.
What this question tests
This question is on Progressive, proportional and regressive taxes, part of Taxation: incidence and efficiency in Public Economics.
How the burden of a tax changes with income, measured by average and marginal tax rates.
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Question from the JNU SSS 2021 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.