The amount of tax an individual pays divided by the individual's total income is the
A) approximate tax rate.
B) marginal tax rate.
C) net tax rate.
D) gross tax rate.
E) average tax rate.
Correct Answer:
Verified
Q1: Exhibit 14-1 Q2: A tax bracket is a(n) Q3: Exhibit 14-1 Q4: If a person's income tax rate decreases Q6: Which of the following formulas correctly represents Q7: If an individual earns an additional $200 Q8: If the average tax rate falls as Q8: If the average tax rate falls as Q10: A flat tax system that does not Q11: A tax on individuals' incomes is called
A)figurative term used
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