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The marginal rate of 70 percent on a taxable income of P200,000. Select one: a....

The marginal rate of 70 percent on a taxable income of P200,000.
Select one:
a. applies to capital gains as well as to dividend income
b. has no effect whatever because of exemptions, deductions and tax avoidance.
c. means that the average person with P200,000 of income pays P140,000 in taxes
d. signifies the collection of P.70 on each additional peso of income for a person in that tax bracket.?

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Answers (1)

isaaq
6 days ago
Answer
c. means that the average person with P200,000 of income pays P140,000 in taxes

That means as someone's income increases, their tax rate increases too.
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