Knowing his marginal tax rate allows a taxpayer to determine the tax impact of an additional dollar added to the tax base or an additional dollar of deduction.

Name: Knowing his marginal tax rate allows a taxpayer to determine the tax impact of an additional dollar added to the tax base or an additional dollar of deduction.
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Question

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Knowing the marginal tax rate helps in calculating the tax impact of additional income or deductions on the taxpayer's tax liability.

Knowing His Marginal Tax Rate Allows a Taxpayer to Determine