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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