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Question 1

Consider the following tax brackets in China.

Lower tax bracketUpper tax bracketTax rate (%)
02499940
250004999935
500007499930
75000or higher25

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

 

Hint


Question 2

Consider the following tax brackets in Canada.

Lower tax bracketUpper tax bracketTax rate (%)
02499929
250004999928
500007499927
75000or higher26

Suppose that a person earns $13001.

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

Array 

Hint