Examlex
What system of measurement is used to categorize the strength of a hurricane?
Marginal Tax Rate
The tax rate that applies to the last dollar of the tax base (income or wealth) earned.
Average Tax Rate
The ratio of total taxes paid to total income, representing the percentage of income that goes to taxes.
Income
The money received by a person or household from various sources like work, investments, or benefits, typically used for consumption, savings, and investing.
Equity
The value of an ownership interest in property, including shareholders' equity in a corporation, representing assets minus liabilities.
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