Examlex
Match the type of fraction to the description and example(s) provided.Note: Answers may be used more than once.
-12/8 or 141/13
Marginal Tax Rate
The rate at which the last dollar of a person's income is taxed, reflecting the percentage of additional income that will be taken as tax.
Tax Liability
The total amount of tax that an individual or entity is legally obliged to pay to a taxing authority based on their income, assets, or activities.
Taxable Income
The amount of an individual's or a company's income used to determine how much tax they owe to the government in a given year.
Subsidy Benefit
A financial advantage or aid given by the government or another organization to support an entity, reducing its costs.
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