Imagine there is no tax on income up to Rs 1000 after that there is a tax of 505 what is the average tax rate on an income of Rs 20,000 ? | MCQ Hive

Economics Mcqs

Q Imagine there is no tax on income up to Rs 1000 after that there is a tax of 505 what is the average tax rate on an income of Rs 20,000 ?

A A. Rs 50000
B B. 20%
C C. 25%
D D. Rs 10000

Previous Fiscal drag occurs when ?

Next Fiscal Policy refers to ?

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