The marginal tax rate is the
A) percentage of an additional dollar of income paid in tax.
B) total amount of tax paid as a percentage of total income earned.
C) same as the average tax rate for a progressive tax.
D) average amount paid as taxes.
E) percentage of total income that is paid in tax.
Correct Answer:
Verified
Q41: The marginal tax rate equals 100 ×
A)
Q42: The Goods and Services Tax in Australia
Q43: If the average tax rate increases as
Q44: If the average tax rate falls as
Q45: The average tax rate is the
A) percentage
Q47: A tax that has the same average
Q48: If the average tax rate _ as
Q49: If there is an income tax levied
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