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Question 1

Consider the following tax brackets in China.

Lower tax bracket | Upper tax bracket | Tax rate (%) |
---|---|---|

0 | 24999 | 23 |

25000 | 49999 | 22 |

50000 | 74999 | 21 |

75000 | or higher | 20 |

Given this data, what type of taxes do they have in China?

Regressive taxes

Hint

Box 1: Select the best answer

Question 2

Consider the following tax brackets in China.

Lower tax bracket | Upper tax bracket | Tax rate (%) |
---|---|---|

0 | 24999 | 23 |

25000 | 49999 | 19 |

50000 | 74999 | 15 |

75000 | or higher | 11 |

Suppose that a person earns $95001.

Given this data, what is this pearson's marginal tax rate?

11

Hint

Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172

Enter DNE for Does Not Exist, oo for Infinity