Which of the following best describes the concept of a marginal tax rate?
A) the amount of income divided by the amount of taxes
B) the tax rate divided by total income
C) the change in taxes divided by the amount of taxes
D) the change in taxes divided by the change in income
E) the amount of before-tax income divided by the amount of after-tax income
Correct Answer:
Verified
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Q54: A sales or excise tax
A) shifts the
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Q59: A major advantage of a sales tax
Q60: The sales tax
A) is the major source
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Q63: Government health care programs such as Medicare
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