Q
If the marginal rate of tax is 40% and consumers income increase from Rs10,000 to Rs12,000 ?
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A
A. The amount of tax paid will increase by rs4,800
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B
B. The amount of tax paid will increase by rs4,000
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C
C. The amount of tax paid will increase by rs 800
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D
D. The total tax paid will be rs4,800
Correct Answer:
D. D. The total tax paid will be rs4,800
