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Question 1

Consider the following tax brackets in Japan.

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

0 | 24999 | 14 |

25000 | 49999 | 15 |

50000 | 74999 | 16 |

75000 | or higher | 17 |

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

Progressive taxes

Hint

Box 1: Select the best answer

Question 2

Consider the following tax brackets in Norway.

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

0 | 24999 | 37 |

25000 | 49999 | 36 |

50000 | 74999 | 35 |

75000 | or higher | 34 |

Suppose that a person earns $79501.

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

34

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