The _____ tax rate on income represents the additional tax an individual pays if his or her income goes up by $1. This rate has _____ since 2000.
A) average; increased
B) marginal; decreased
C) marginal; increased
D) average; decreased
Correct Answer:
Verified
Q172: Eli has annual earnings of $100,000 and
Q187: _ tax is NOT a major source
Q188: If personal income up to and including
Q193: The two most important sources of federal
Q193: Which of the following taxes is the
Q194: The _ rate applies to an additional
Q195: A(n)_ tax tends to encourage consumption and
Q199: Sales taxes are considered to be:
A) proportional.
B)
Q201: Use the following to answer questions:
Figure: Tax
Q202: If personal income up to and including
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