Suppose a Country Imposes a Lump-Sum Tax of $5,000 on Each

question 100

Multiple Choice

Suppose a country imposes a lump-sum tax of $5,000 on each individual in the country. What is the marginal income tax rate for an individual who earns $40,000 during the year?

• A)0%
• B)10%
• C)More than 10%
• D)The marginal tax rate cannot be determined without knowing the entire tax schedule.

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Definitions:

Administrator Account

An Administrator Account is a user account with full permissions to modify, configure, and manage computer systems and software, often with unrestricted access to files and settings.

Local Account

A user account created and managed on a single computer or device, not reliant on network-based authentication.

Local Accounts

User accounts that are created and managed on an individual computer, providing access to the system and its resources.

Personalize

The customization of services or content to suit the personal preferences or needs of the user.