Examlex
The ________ is the sum of all observations divided by the number of observations.
Marginal Tax Rate
The rate at which the last dollar of income is taxed, representing the increment in tax paid for an increment in income.
City Wage Tax
A local tax imposed on individuals who work in a city, calculated as a percentage of their wages or salaries.
Proportional
Describes a relationship where changes in one variable cause changes in another variable at a constant ratio or rate.
Average Tax Rate
The ratio of total taxes paid to total income, representing the overall percentage of income that is taken by taxes.
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