The "Platinum Rule" Is Different from the "Golden Rule" in That

question 115

True/False

The "Platinum Rule" is different from the "Golden Rule" in that it asks us to "do unto others as they themselves would have done unto them."

---

Definitions:

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.