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Question 1

Consider the following tax brackets in China.

Lower tax bracketUpper tax bracketTax rate (%)
02499923
250004999922
500007499921
75000or higher20

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

 

Hint


Question 2

Consider the following tax brackets in China.

Lower tax bracketUpper tax bracketTax rate (%)
02499923
250004999919
500007499915
75000or higher11

Suppose that a person earns $95001.

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

 

Hint