Virtually All Research Suggests That Today's Typical American Family Is

question 33

Multiple Choice

Virtually all research suggests that today's typical American family is

• A) rushed and stressed.
• B) peaceful and loving.
• C) completely egalitarian.
• D) conflict-ridden.

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Definitions:

Marginal Tax Rate

The percentage of an increase in income that is taxed away.

Average Tax Rate

The ratio of the total amount of taxes paid to the total taxable income.

Flat Tax

A tax system with a constant marginal rate, usually applied to individual or corporate income, where everyone pays the same percentage regardless of income level.

Income Taxes

Taxes levied by government on individuals' or corporations' income, where the tax rates can vary depending on the income level.