The ________ income tax rate is the tax rate levied on your last dollar of taxable income.

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The marginal income tax rate is the tax rate applied to the last dollar earned on a taxpayer's income. This is the highest rate at which a taxpayer can be taxed and is often used to determine the impact of additional income or deductions on a taxpayer's overall tax liability. Gross income refers to total income before any deductions or taxes are taken out, adjusted income refers to income after certain deductions, and estimated income refers to an estimate of future income.

The ________ Income Tax Rate Is the Tax Rate Levied