If a person's income increases from Rs 20 lakhs per year to Rs 24 lakh – McqOptions

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1.	If a person's income increases from Rs 20 lakhs per year to Rs 24 lakhs per year and tax increases from Rs 3,50,000 to Rs 4,00,000 the marginal tax rate is
A.	8 percent
B.	12.5 percent
C.	10 percent
D.	15 percent
Answer» C. 10 percent

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