DP Economics

Test builder »

Question 21N.3.HL.TZ0.2j

Select a Test
Date November 2021 Marks available [Maximum mark: 2] Reference code 21N.3.HL.TZ0.2j
Level HL Paper 3 Time zone TZ0
Command term Calculate Question number j Adapted from N/A
j.
[Maximum mark: 2]
21N.3.HL.TZ0.2j

Table 4 shows the income tax rates in Kanyaland.

Table 4

Rufus and Sammy are citizens of Kanyaland. Rufus earns K$23 000 annually whereas Sammy earns K$46 000 annually.

(j)

Using Table 4, calculate the average tax rate for Sammy.

[2]

Markscheme

0.22 × 20 000 + 0.26 × 10 000 + 0.30 × 8000 + 0.34 × 8000 = 12 120

Valid working (i.e. three of the four in parentheses correct) is sufficient for [1].

ATR = 12 12046 000 × 100 = 26.35 %

OR

ATR = 12 12046 000 = 0.26

An answer of 26.35 or 0.26 without any valid working is sufficient for [1].

Examiners report

After successfully calculating the total tax paid through each band, quite a few students did not complete the calculation of the average tax rate (i.e. total tax divided by income).

Syllabus sections