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Question and answer: The current account of the balance of payments

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EXAM-STYLE QUESTIONS

Questions on income tax

David Horner presents a series of exam-style questions on topics covered in articles featured in this issue of Economic Review. Answers to these questions can be found online at ECONOMICREVIEWExtras

Table 1 Income tax rates in an economy

Go to www.hoddereducation.co.uk/economicreviewextras for answers to these questions

1 Using only data from Table 1, calculate how much tax would be paid by someone who earns £40,000 in one year. (2 marks)

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Previous

Question and answer: The current account of the balance of payments

Next

Fiscal policy: Unravelling the productivity puzzle

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