If the marginal rate of tax is 40% and consumers income increase from Rs10,000 to Rs12,000 ? Options: A . &nbspThe amount of tax paid will increase by Rs4,800 B . &nbspThe amount of tax paid will increase by Rs4,000 C . &nbspThe amount of tax paid will increase by Rs 800 D . &nbspThe total tax paid will be Rs4,800

If the marginal rate of tax is 40% and consumers income increase from Rs10,000 t

Question - If the marginal rate of tax is 40% and consumers income increase from Rs10,000 to Rs12,000 ?

Options:

A . The amount of tax paid will increase by Rs4,800

B . The amount of tax paid will increase by Rs4,000

C . The amount of tax paid will increase by Rs 800

D . The total tax paid will be Rs4,800

Answer: Option D
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!

Was this answer helpful ?

Next Question