A marginal tax rate is
A) the fraction of income that must be paid in taxes.
B) the fraction of each additional dollar of income that must be paid in taxes.
C) the incremental income one must earn to offset each additional dollar of tax.
D) the ratio of a change in income to a change in taxes paid.
Correct Answer:
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Q92: The largest percentage of federal income tax
Q93: The federal corporate income tax is
A)regressive.
B)proportional.
C)progressive.
D)unfair.
Q94: Gasoline taxes that are typically used for
Q95: A marginal tax rate is calculated as
A)total
Q96: A personal exemption refers to
A)the tax rate
Q98: An average tax rate is calculated as
A)total
Q99: The idea that individuals should be taxed
Q100: If you pay $2,000 in taxes on
Q101: In the United States, taxpayers are allowed
Q102: Which of the following is an example
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