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Which sequence is correct in the life cycle of alternation of generations?
Expenditure Item
An item or category within a budget or financial statement representing money spent on goods, services, or other expenses.
Average Tax Rate
The proportion of the total income that is paid in taxes, calculated by dividing total tax amount by total income.
Marginal Tax Rate
The percentage of tax applied to your income for each tax bracket in which you qualify.
Income Tax Schedule
A chart or table provided by tax authorities that indicates the tax rates applicable to different levels of income.
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