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Question 1

Consider the following tax brackets in Canada.

Lower tax bracketUpper tax bracketTax rate (%)
02499931
250004999931
500007499931
75000or higher31

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

 

Hint


Question 2

Consider the following tax brackets in Norway.

Lower tax bracketUpper tax bracketTax rate (%)
02499930
250004999927
500007499924
75000or higher21

Suppose that a person earns $40501.

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

 

Hint