The marginal tax rate is equal to:

Name: The marginal tax rate is equal to:
Brand: Quizplus
Rating: 4.8 (62 reviews)

Question

Quizplus · Accepted Answer

The marginal tax rate is the extra tax paid on each additional dollar of income earned. It is expressed as a percentage and can vary based on the tax bracket an individual falls into. A and D are not related to the marginal tax rate and C is incorrect as it divides extra taxes paid by total income, rather than extra taxes paid on each additional dollar earned.

The Marginal Tax Rate Is Equal To