The Rate That Would Apply to an Additional $1 of Taxable

question 73

Multiple Choice

The rate that would apply to an additional $1 of taxable income received by a taxpayer is the:

• A) marginal tax rate.
• B) average tax rate.
• C) total tax rate.
• D) lower tax rate.

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Definitions:

Personal Freedom

The rights and liberties that allow individuals to act freely without undue restraint or interference from government or other individuals.

Prohibition

The period from 1920 to 1933 in the United States when the manufacture, sale, and transportation of alcoholic beverages were banned by constitutional amendment.

Equal Rights Amendment

A proposed amendment to the U.S. Constitution aiming to guarantee equal legal rights for all American citizens regardless of sex, which has not been ratified.