If the income tax rate changes from 30% to 40% on income over Rs30,000 – McqOptions

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1.	If the income tax rate changes from 30% to 40% on income over Rs30,000 and a person’s income is Rs 31,000 then her marginal tax rate is ?
A.	30%
B.	10%
C.	70%
D.	40%
Answer» E.

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