Business, 30.11.2019 06:31 mom9032

Amarginal tax rate is:

a. the total tax paid divided by the amount of taxable income.
b. equal to a worker’s income tax bracket.
c. applied only to high earners under a progressive income tax system.
d. the tax rate paid on a worker’s next dollar of income.
e. irrelevant for making decisions about earning extra income.

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Amarginal tax rate is:

a. the total tax paid divided by the amount of taxable income.

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