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Exercise 2 Assumptions: There are 3 countries with the following tax systems: A. Flat tax with a tax rate of = 1096 B. Tax bracket

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Exercise 2 Assumptions: There are 3 countries with the following tax systems: A. Flat tax with a tax rate of = 1096 B. Tax bracket system For the share of 100 Units: = 5% Income 100 units and 200 Units: 10% > 200 units: 15% C. Continuous tax rates system For the total amount of: Up to 100 units: up to 200 units:T-1096 5% Income More than 200 Units:T-:15% Calculate the tax liabilities T and the average and marginal tax rates for two individuals: 1. One with low income (LI) 80 Units, and another one with high income (HI) 240 Units. . Complete the table on the following page (some answers are already given as examples)

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