Consider the Net Tax Rate,denoted by T

question 40

Multiple Choice

Consider the net tax rate,denoted by t.Which of the following correctly defines the net tax rate?

• A)it is total tax revenue minus transfer payments
• B)it is the sum of the federal income tax rate plus an average of provincial income tax rates
• C)it is the increase in net tax revenue when national income rises by one dollar
• D)it is the sum of all government tax revenues
• E)both A and C are correct

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Definitions:

Grams

A metric unit of mass equal to one thousandth of a kilogram.

Alleles

Different forms of a gene that exist for a particular trait, where variation can lead to differences in the expressed features of organisms.

Teratogens

Substances that during pregnancy can cause development disorders or birth defects in the unborn child.

Enzyme

Biological molecules that significantly speed up the rate of virtually all of the chemical reactions within cells.