The tax rate associated with an income tax bracket is called the effective tax rate.

Name: The tax rate associated with an income tax bracket is called the effective tax rate.
Brand: Quizplus
Rating: 4.8 (37 reviews)

Question

Quizplus · Accepted Answer

The tax rate associated with an income tax bracket is called the marginal tax rate, not the effective tax rate. The effective tax rate is the average rate at which an individual or corporation is taxed, calculated as the total tax paid divided by the total income.

The Tax Rate Associated with an Income Tax Bracket Is