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Question 1

Consider the following tax brackets in China.

Lower tax bracketUpper tax bracketTax rate (%)
02499934
250004999933
500007499932
75000or higher31

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

 

Hint


Question 2

Consider the following tax brackets in Norway.

Lower tax bracketUpper tax bracketTax rate (%)
02499937
250004999933
500007499929
75000or higher25

Suppose that a person earns $66001.

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

 

Hint